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

Cemtrex, Inc. (NASDAQ:CETX) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 52,700 shares, a decrease of 5.4% from the January 15th total of 55,700 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average daily volume of 385,400 shares, the short-interest ratio is currently 0.1 days.

Cemtrex Stock Performance

CETX opened at $2.00 on Thursday. Cemtrex has a one year low of $1.80 and a one year high of $12,096.00. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 2.68. The business’s 50-day simple moving average is $2.78 and its 200-day simple moving average is $6.76.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Friday, February 14th. The industrial products company reported ($16.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $42.00 by ($58.15). The firm had revenue of $13.74 million for the quarter. Cemtrex had a negative return on equity of 891.58% and a negative net margin of 54.57%.

Institutional Trading of Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Ground Swell Capital LLC purchased a new stake in Cemtrex, Inc. (NASDAQ:CETX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned 0.78% of Cemtrex at the end of the most recent reporting period. Institutional investors and hedge funds own 1.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Cemtrex from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Cemtrex Company Profile

Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.