Cemtrex, Inc. (NASDAQ:CETX) Sees Large Decrease in Short Interest

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 4,400 shares, a decrease of 99.7% from the October 31st total of 1,330,000 shares. Based on an average trading volume of 196,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.6% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Cemtrex in a research report on Thursday. They issued a “hold” rating for the company.

Cemtrex Stock Performance

Cemtrex stock traded down $0.03 during trading hours on Friday, hitting $3.18. The stock had a trading volume of 308,489 shares, compared to its average volume of 58,093. The stock’s 50-day moving average price is $12.37 and its 200-day moving average price is $9.54. Cemtrex has a 12-month low of $3.00 and a 12-month high of $13,629.00. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20.

About Cemtrex

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.