Cemtrex Inc. (NASDAQ:CETX) Short Interest Down 58.7% in September

Cemtrex Inc. (NASDAQ:CETX) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 99,400 shares, a drop of 58.7% from the September 15th total of 240,700 shares. Based on an average daily volume of 94,200 shares, the days-to-cover ratio is presently 1.1 days. Currently, 14.7% of the shares of the company are short sold. Currently, 14.7% of the shares of the company are short sold. Based on an average daily volume of 94,200 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Cemtrex from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Cemtrex Price Performance

NASDAQ CETX opened at $5.20 on Monday. Cemtrex has a 12 month low of $4.81 and a 12 month high of $189.00. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.20 and a quick ratio of 0.96. The firm has a market capitalization of $3.85 million, a PE ratio of 0.00 and a beta of 1.52. The company’s 50 day simple moving average is $11.70 and its 200 day simple moving average is $16.70.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Thursday, August 14th. The industrial products company reported ($26.70) EPS for the quarter. Cemtrex had a negative net margin of 26.92% and a negative return on equity of 443.32%. The company had revenue of $16.97 million for the quarter.

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.