Short Interest in Cemtrex Inc. (NASDAQ:CETX) Declines By 14.2%

Cemtrex Inc. (NASDAQ:CETX) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 561,770 shares, a decline of 14.2% from the February 12th total of 654,445 shares. Based on an average trading volume of 469,993 shares, the short-interest ratio is presently 1.2 days. Approximately 5.6% of the shares of the company are short sold. Approximately 5.6% of the shares of the company are short sold. Based on an average trading volume of 469,993 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cemtrex in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sabby Management LLC bought a new stake in Cemtrex in the 3rd quarter valued at $141,000. Daytona Street Capital LLC acquired a new stake in shares of Cemtrex in the 4th quarter valued at $5,456,000. Jane Street Group LLC bought a new stake in Cemtrex during the fourth quarter worth about $186,000. Engineers Gate Manager LP bought a new stake in Cemtrex during the 4th quarter worth approximately $115,000. Finally, Millennium Management LLC acquired a new stake in shares of Cemtrex in the fourth quarter valued at $70,000. Institutional investors own 1.97% of the company’s stock.

Cemtrex Stock Up 1.5%

Shares of CETX stock traded up $0.01 on Tuesday, reaching $0.72. 187,429 shares of the company’s stock traded hands, compared to its average volume of 2,151,247. The business’s 50 day moving average price is $1.59 and its two-hundred day moving average price is $4.28. The company has a market capitalization of $7.28 million, a P/E ratio of 0.01 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. Cemtrex has a 12-month low of $0.66 and a 12-month high of $42.60.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data on Tuesday, February 17th. The industrial products company reported ($7.91) 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 for the quarter.

About Cemtrex

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.