Cemtrex, Inc. (NASDAQ:CETX) Short Interest Update

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 14,000 shares, a decrease of 53.6% from the March 31st total of 30,200 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 56,200 shares, the short-interest ratio is currently 0.2 days.

Cemtrex Stock Up 1.2 %

Shares of CETX traded up $0.02 during mid-day trading on Friday, reaching $1.71. The company had a trading volume of 60,535 shares, compared to its average volume of 50,002. The company’s 50 day simple moving average is $3.55 and its 200 day simple moving average is $4.32. Cemtrex has a 1-year low of $1.65 and a 1-year high of $11.45. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings data on Monday, February 12th. The industrial products company reported ($1.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.29). The business had revenue of $16.88 million during the quarter, compared to the consensus estimate of $15.79 million. Cemtrex had a negative net margin of 6.41% and a negative return on equity of 56.88%. During the same quarter last year, the business earned ($3.99) EPS.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Cemtrex in a research note on Friday. They issued a “hold” rating on the stock.

About Cemtrex

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.