Short Interest in Cemtrex, Inc. (NASDAQ:CETX) Decreases By 99.7%

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 4,400 shares, a drop of 99.7% from the October 31st total of 1,330,000 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 196,000 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Cemtrex in a report on Wednesday, November 20th. They issued a “sell” rating for the company.

Cemtrex Price Performance

CETX stock traded down $0.06 during midday trading on Wednesday, hitting $3.14. 63,108 shares of the stock were exchanged, compared to its average volume of 55,919. The stock’s 50-day moving average price is $12.45 and its 200-day moving average price is $9.62. 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 fifty-two week low of $3.00 and a fifty-two week high of $13,629.00.

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.