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

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 212,800 shares, a growth of 298.5% from the February 13th total of 53,400 shares. Currently, 12.0% of the shares of the company are sold short. Based on an average trading volume of 359,400 shares, the short-interest ratio is currently 0.6 days.

Cemtrex Stock Down 1.7 %

CETX stock opened at $1.69 on Friday. The stock has a market cap of $3.02 million, a PE ratio of 0.00 and a beta of 1.97. The firm’s 50-day simple moving average is $2.35 and its 200 day simple moving average is $6.34. Cemtrex has a fifty-two week low of $1.49 and a fifty-two week high of $9,797.76. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 2.68.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results 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 business had revenue of $13.74 million for the quarter. Cemtrex had a negative net margin of 54.57% and a negative return on equity of 1,386.66%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC bought a new stake in shares of Cemtrex, Inc. (NASDAQ:CETX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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. 1.97% of the stock is currently 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.