Short Interest in Cemtrex, Inc. (NASDAQ:CETX) Grows By 542.8%

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,330,000 shares, a growth of 542.8% from the October 15th total of 206,900 shares. Based on an average trading volume of 5,100,000 shares, the days-to-cover ratio is presently 0.3 days.

Cemtrex Trading Down 3.9 %

Shares of CETX stock traded down $0.01 during trading hours on Tuesday, hitting $0.20. 2,596,698 shares of the company were exchanged, compared to its average volume of 1,540,260. The business’s 50-day simple moving average is $0.35 and its two-hundred day simple moving average is $0.31. 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 $0.19 and a one year high of $389.40.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.18) earnings per share for the quarter. Cemtrex had a negative return on equity of 183.95% and a negative net margin of 19.64%. The firm had revenue of $14.69 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Cemtrex in a report on Tuesday. They set a “sell” rating for the company.

About Cemtrex

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.