Cemtrex, Inc. (NASDAQ:CETX – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 277,700 shares, an increase of 24.6% from the June 30th total of 222,900 shares. Based on an average trading volume of 2,440,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.7% of the shares of the stock are short sold.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Cemtrex in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock.
Check Out Our Latest Report on Cemtrex
Cemtrex Price Performance
Cemtrex (NASDAQ:CETX – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The industrial products company reported ($1.46) EPS for the quarter. The firm had revenue of $17.16 million during the quarter. Cemtrex had a negative net margin of 7.64% and a negative return on equity of 74.68%. During the same quarter in the previous year, the business posted ($0.75) EPS.
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.
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