Short Interest in Cemtrex, Inc. (NASDAQ:CETX) Decreases By 99.7%

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 4,400 shares, a decline of 99.7% from the October 31st total of 1,330,000 shares. Based on an average trading volume of 196,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Cemtrex in a research note on Thursday. They issued a “hold” rating on the stock.

Cemtrex Trading Up 0.3 %

Shares of NASDAQ CETX traded up $0.01 during midday trading on Thursday, reaching $3.21. 282,822 shares of the company were exchanged, compared to its average volume of 56,972. The stock’s 50-day moving average price is $12.41 and its 200-day moving average price is $9.58. The company has a debt-to-equity ratio of 48.20, a quick ratio of 1.35 and a current ratio of 1.89. Cemtrex has a one year low of $3.00 and a one year high of $13,629.00.

Cemtrex Company Profile

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.