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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Cemtrex in a research note on Wednesday, November 20th. They issued a “sell” rating on the stock.

Cemtrex Price Performance

CETX stock traded down $0.06 on Wednesday, hitting $3.14. The company’s stock had a trading volume of 63,108 shares, compared to its average volume of 55,919. Cemtrex has a 1 year low of $3.00 and a 1 year 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. The firm has a 50 day moving average of $12.45 and a two-hundred day moving average of $9.62.

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.