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 February. As of February 28th, there was short interest totalling 212,800 shares, an increase of 298.5% from the February 13th total of 53,400 shares. Currently, 12.0% of the company’s stock are short sold. Based on an average daily volume of 359,400 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Cemtrex from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th.

Institutional Investors Weigh In On Cemtrex

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

Cemtrex Stock Performance

NASDAQ CETX opened at $1.69 on Friday. Cemtrex has a one year low of $1.49 and a one year high of $9,797.76. The firm has a market cap of $3.02 million, a PE ratio of 0.00 and a beta of 1.97. The firm’s fifty day moving average is $2.35 and its two-hundred day moving average is $6.34. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.06 and a current ratio of 1.17.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Friday, February 14th. The industrial products company reported ($16.15) earnings per share for the quarter, missing analysts’ consensus estimates of $42.00 by ($58.15). The firm had revenue of $13.74 million during the quarter. Cemtrex had a negative net margin of 54.57% and a negative return on equity of 1,386.66%.

About Cemtrex

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.