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

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Cemtrex in a report on Tuesday. They issued a “sell” rating for the company.

Cemtrex Price Performance

CETX traded down $0.01 on Wednesday, hitting $0.19. 2,400,907 shares of the company were exchanged, compared to its average volume of 1,544,598. The company has a debt-to-equity ratio of 48.20, a current ratio of 1.89 and a quick ratio of 1.35. The firm has a fifty day simple moving average of $0.35 and a two-hundred day simple moving average of $0.30. Cemtrex has a 12 month low of $0.18 and a 12 month high of $389.40.

Cemtrex (NASDAQ:CETX) last issued 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 firm had revenue of $14.69 million during the quarter.

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.