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

Cemtrex, Inc. (NASDAQ:CETX) was the recipient 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. Based on an average trading volume of 385,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.0% of the shares of the stock are sold short.

Cemtrex Stock Up 1.0 %

NASDAQ:CETX opened at $2.00 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 2.68. Cemtrex has a twelve month low of $1.80 and a twelve month high of $12,096.00. The stock has a fifty day simple moving average of $2.78 and a 200-day simple moving average of $6.76.

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

Institutional Trading of Cemtrex

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Cemtrex from a “buy” rating to a “hold” rating in a research report 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.