Cemtrex Inc. (NASDAQ:CETX) Short Interest Update

Cemtrex Inc. (NASDAQ:CETX) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 334,306 shares, an increase of 289.4% from the June 30th total of 85,858 shares. Based on an average daily volume of 2,685,722 shares, the short-interest ratio is currently 0.1 days. Approximately 30.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CETX. Millennium Management LLC acquired a new position in Cemtrex in the fourth quarter valued at $70,000. Engineers Gate Manager LP acquired a new stake in Cemtrex during the fourth quarter worth about $115,000. Jane Street Group LLC acquired a new stake in Cemtrex during the fourth quarter worth about $186,000. Finally, Daytona Street Capital LLC purchased a new position in shares of Cemtrex in the 4th quarter worth about $5,456,000. 1.97% of the stock is owned by hedge funds and other institutional investors.

Cemtrex Trading Down 1.8%

Shares of CETX traded down $0.05 during mid-day trading on Friday, hitting $2.70. The company had a trading volume of 65,681 shares, compared to its average volume of 1,456,078. Cemtrex has a 1-year low of $2.38 and a 1-year high of $220.50. The business’s 50-day simple moving average is $4.80 and its 200-day simple moving average is $10.11. The stock has a market cap of $3.00 million, a PE ratio of -0.01 and a beta of 2.11. The company has a quick ratio of 1.29, a current ratio of 1.57 and a debt-to-equity ratio of 0.25.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings results on Friday, May 15th. The industrial products company reported $0.11 EPS for the quarter, topping the consensus estimate of ($3,087,000.00) by $3,087,000.11. The firm had revenue of $18.06 million during the quarter, compared to analyst estimates of $8.29 million. Cemtrex had a negative net margin of 39.63% and a negative return on equity of 142.99%.

Analyst Upgrades and Downgrades

CETX has been the topic of a number of recent research reports. Weiss Ratings raised Cemtrex from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. Wall Street Zen raised Cemtrex from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Cemtrex

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.