Cemtrex, Inc. (NASDAQ:CETX) Short Interest Up 542.8% in October

Cemtrex, Inc. (NASDAQ:CETX) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,330,000 shares, an increase of 542.8% from the October 15th total of 206,900 shares. Based on an average trading volume of 5,100,000 shares, the short-interest ratio is currently 0.3 days.

Cemtrex Trading Down 5.5 %

CETX stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.19. The company had a trading volume of 2,400,907 shares, compared to its average volume of 1,544,598. The company has a debt-to-equity ratio of 48.20, a quick ratio of 1.35 and a current ratio of 1.89. Cemtrex has a 12 month low of $0.18 and a 12 month high of $389.40. The stock’s fifty day moving average price is $0.35 and its two-hundred day moving average price is $0.30.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Cemtrex in a research report on Tuesday. They set a “sell” rating for the company.

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.