Cemtrex, Inc. (NASDAQ:CETX) Short Interest Down 96.3% in September

Cemtrex, Inc. (NASDAQ:CETX) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 14,800 shares, a decline of 96.3% from the September 15th total of 400,900 shares. Based on an average daily volume of 708,100 shares, the short-interest ratio is currently 0.0 days. Approximately 5.1% of the shares of the stock are sold short.

Cemtrex Trading Down 7.2 %

Shares of CETX traded down $0.03 during mid-day trading on Friday, hitting $0.44. The company had a trading volume of 31,232,861 shares, compared to its average volume of 495,689. Cemtrex has a 1-year low of $0.43 and a 1-year high of $389.40. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20. The business’s 50-day simple moving average is $0.29 and its 200-day simple moving average is $0.78. The stock has a market cap of $4.63 million, a PE ratio of 0.01 and a beta of 1.84.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings results on Wednesday, August 14th. The industrial products company reported ($0.18) earnings per share for the quarter. The company had revenue of $14.69 million during the quarter. Cemtrex had a negative net margin of 19.64% and a negative return on equity of 183.95%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Cemtrex in a report on Friday. They issued a “sell” rating on the stock.

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.