Cemtrex, Inc. (NASDAQ:CETX) Short Interest Update

Cemtrex, Inc. (NASDAQ:CETXGet Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 603,900 shares, a growth of 249.1% from the August 15th total of 173,000 shares. Based on an average daily trading volume, of 676,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately 3.5% of the company’s stock are short sold.

Cemtrex Trading Down 3.4 %

CETX stock traded down $0.00 during midday trading on Friday, reaching $0.14. 225,982 shares of the company were exchanged, compared to its average volume of 1,011,033. Cemtrex has a one year low of $0.14 and a one year high of $7.42. The business has a 50-day moving average price of $0.18 and a two-hundred day moving average price of $1.30. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 48.20.

Cemtrex (NASDAQ:CETXGet Free Report) last announced its earnings results on Wednesday, August 14th. The industrial products company reported ($0.18) EPS for the quarter. The company had revenue of $14.69 million for the quarter. Cemtrex had a negative return on equity of 183.95% and a negative net margin of 19.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Cemtrex in a report on Monday. They set a “hold” rating for the company.

Check Out Our Latest Research Report on Cemtrex

Cemtrex Company Profile

(Get Free Report)

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.

Further Reading

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