Cemtrex, Inc. (NASDAQ:CETX) Short Interest Down 84.8% in June

Cemtrex, Inc. (NASDAQ:CETX) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 222,900 shares, a decline of 84.8% from the June 15th total of 1,470,000 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Cemtrex in a research report on Sunday, July 7th. They set a “hold” rating on the stock.

Cemtrex Stock Performance

Shares of CETX stock traded down $0.00 during trading hours on Friday, reaching $0.22. 160,051 shares of the company traded hands, compared to its average volume of 1,174,943. The firm has a 50-day moving average price of $0.29 and a 200 day moving average price of $2.48. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 4.18. Cemtrex has a 12-month low of $0.20 and a 12-month high of $8.55.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings results on Tuesday, May 14th. The industrial products company reported ($1.46) EPS for the quarter. Cemtrex had a negative return on equity of 74.68% and a negative net margin of 7.64%. The business had revenue of $17.16 million during the quarter. During the same quarter in the previous year, the company posted ($0.75) earnings per share.

Cemtrex Company Profile

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.