Cemtrex Inc. (NASDAQ:CETX) Short Interest Update

Cemtrex Inc. (NASDAQ:CETX) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 654,445 shares, an increase of 26.7% from the January 29th total of 516,410 shares. Based on an average daily trading volume, of 1,175,392 shares, the short-interest ratio is presently 0.6 days. Approximately 7.6% of the shares of the stock are short sold. Approximately 7.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,175,392 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cemtrex in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Cemtrex

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in shares of Cemtrex in the 4th quarter valued at approximately $70,000. Engineers Gate Manager LP purchased a new position in Cemtrex in the fourth quarter worth approximately $115,000. Sabby Management LLC purchased a new position in Cemtrex in the third quarter worth approximately $141,000. Jane Street Group LLC acquired a new stake in Cemtrex during the fourth quarter worth $186,000. Finally, Daytona Street Capital LLC purchased a new stake in Cemtrex in the fourth quarter valued at $5,456,000. 1.97% of the stock is owned by hedge funds and other institutional investors.

Cemtrex Price Performance

NASDAQ:CETX opened at $1.05 on Tuesday. Cemtrex has a one year low of $1.02 and a one year high of $42.60. The stock has a market cap of $9.03 million, a PE ratio of 0.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.96 and a current ratio of 2.38. The stock has a 50 day moving average price of $1.92 and a 200 day moving average price of $5.51.

Cemtrex (NASDAQ:CETX) last issued its earnings results on Tuesday, February 17th. The industrial products company reported ($7.91) earnings per share (EPS) for the quarter. Cemtrex had a negative net margin of 25.25% and a negative return on equity of 127.57%. The company had revenue of $16.13 million during the quarter.

Cemtrex Company Profile

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.