Cemtrex, Inc. (NASDAQ:CETX) Sees Significant Increase in Short Interest

Cemtrex, Inc. (NASDAQ:CETX) saw a large growth in short interest during the month of 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 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 Price Performance

CETX stock remained flat at $0.14 during trading on Friday. 348,972 shares of the company traded hands, compared to its average volume of 1,011,719. Cemtrex has a one year low of $0.14 and a one year high of $7.42. The stock has a 50-day simple moving average of $0.18 and a 200 day simple moving average of $1.27. The stock has a market capitalization of $2.51 million, a PE ratio of 0.27 and a beta of 1.84. 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:CETX) last posted its earnings results on Wednesday, August 14th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $14.69 million for the quarter. Cemtrex had a negative net margin of 19.64% and a negative return on equity of 183.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Cemtrex in a research report on Monday, September 9th. They set a “hold” rating on the stock.

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.