Cemtrex, Inc. (NASDAQ:CETX – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 206,900 shares, a growth of 1,298.0% from the September 30th total of 14,800 shares. Based on an average daily volume of 3,420,000 shares, the days-to-cover ratio is presently 0.1 days.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Cemtrex in a research note on Saturday, October 19th. They issued a “sell” rating on the stock.
View Our Latest Stock Report on Cemtrex
Cemtrex Stock Up 3.1 %
Cemtrex (NASDAQ:CETX – Get Free Report) last announced its earnings results on Wednesday, August 14th. The industrial products company reported ($0.18) EPS for the quarter. Cemtrex had a negative return on equity of 183.95% and a negative net margin of 19.64%. The business had revenue of $14.69 million for the quarter.
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.
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