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

Cemtrex, Inc. (NASDAQ:CETX) 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.

Cemtrex Stock Up 3.1 %

NASDAQ CETX traded up $0.01 during trading on Friday, hitting $0.30. The stock had a trading volume of 1,460,659 shares, compared to its average volume of 1,109,848. The company has a market capitalization of $3.24 million, a PE ratio of 0.01 and a beta of 1.84. Cemtrex has a 12 month low of $0.27 and a 12 month high of $389.40. The company’s 50-day moving average price is $0.33 and its two-hundred day moving average price is $0.58. 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 (NASDAQ:CETX) 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.