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

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant increase in short interest during the month of 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 daily trading volume, of 5,100,000 shares, the short-interest ratio is currently 0.3 days.

Cemtrex Stock Down 3.9 %

NASDAQ:CETX traded down $0.01 during mid-day trading on Tuesday, reaching $0.20. The company’s stock had a trading volume of 2,596,698 shares, compared to its average volume of 1,540,260. The stock has a fifty day moving average of $0.35 and a 200-day moving average of $0.31. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20. Cemtrex has a 1 year low of $0.19 and a 1 year high of $389.40.

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Cemtrex in a research note on Tuesday. They issued a “sell” rating for the company.

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.