Short Interest in Cemtrex, Inc. (NASDAQ:CETX) Grows By 113.6%

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 377,300 shares, an increase of 113.6% from the November 30th total of 176,600 shares. Based on an average trading volume of 448,900 shares, the short-interest ratio is presently 0.8 days. Approximately 28.2% of the shares of the company are sold short.

Cemtrex Stock Performance

Shares of Cemtrex stock traded down $0.01 on Friday, reaching $3.07. 140,671 shares of the stock were exchanged, compared to its average volume of 118,038. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 48.20. The firm has a market capitalization of $24,560.00, a PE ratio of 0.00 and a beta of 1.76. Cemtrex has a 1-year low of $2.71 and a 1-year high of $12,096.00. The business has a fifty day moving average price of $5.62 and a two-hundred day moving average price of $8.15.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Cemtrex from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th.

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.