Short Interest in Cemtrex, Inc. (NASDAQ:CETX) Rises By 113.6%

Cemtrex, Inc. (NASDAQ:CETX) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 377,300 shares, a growth of 113.6% from the November 30th total of 176,600 shares. Currently, 28.2% of the company’s shares are sold short. Based on an average trading volume of 448,900 shares, the days-to-cover ratio is presently 0.8 days.

Cemtrex Stock Down 0.3 %

Shares of NASDAQ:CETX opened at $3.07 on Friday. The company has a debt-to-equity ratio of 48.20, a current ratio of 1.89 and a quick ratio of 1.35. The stock has a market cap of $24,560.00, a price-to-earnings ratio of 0.00 and a beta of 1.76. The company has a 50 day moving average of $5.62 and a 200-day moving average of $8.15. Cemtrex has a one year low of $2.71 and a one year high of $12,096.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Cemtrex from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th.

About Cemtrex

Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.