Zentek Ltd. (NASDAQ:ZTEK – Get Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,000 shares, an increase of 257.1% from the March 31st total of 1,400 shares. Based on an average daily volume of 28,800 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's shares are short sold.
Hedge Funds Weigh In On Zentek
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new position in shares of Zentek in the first quarter valued at about $247,000. Bank of Montreal Can bought a new stake in shares of Zentek in the first quarter worth about $199,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Zentek in the first quarter worth about $32,000. Finally, JPMorgan Chase & Co. purchased a new position in Zentek during the 1st quarter valued at about $25,000. 0.71% of the stock is currently owned by institutional investors.
Get Zentek alerts:Zentek Stock Performance
ZTEK opened at $1.48 on Thursday. Zentek has a 12 month low of $1.28 and a 12 month high of $2.63. The business's 50-day moving average price is $1.56 and its 200-day moving average price is $1.56. The company has a market cap of $147.30 million, a P/E ratio of -11.38 and a beta of 0.86.
Zentek Company Profile
(Get Rating)
Zentek Ltd. is an emerging high-tech nano-graphite and graphene materials company. It focuses on the development of Albany Graphite Deposit project. The company was founded on July 29, 2008 and is headquartered in Thunder Bay, Canada.
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