Short Interest in Cemtrex, Inc. (NASDAQ:CETX) Drops By 5.4%

Cemtrex, Inc. (NASDAQ:CETX) was the target of a significant decrease in short interest in 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 stock are sold short. Based on an average daily volume of 385,400 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

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

Cemtrex Price Performance

Shares of CETX stock opened at $1.98 on Wednesday. The company has a market capitalization of $3.52 million, a PE ratio of 0.00 and a beta of 1.75. The firm has a fifty day simple moving average of $2.83 and a 200-day simple moving average of $6.82. 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 $1.94 and a twelve month high of $12,096.00.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data 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 net margin of 10.80% and a negative return on equity of 85.66%. The company had revenue of $13.74 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cemtrex stock. Ground Swell Capital LLC acquired a new stake in shares of Cemtrex, Inc. (NASDAQ:CETX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent reporting period. 1.97% of the stock is owned by institutional investors.

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.