Cemtrex, Inc. (NASDAQ:CETX) Sees Significant Decrease in Short Interest

Cemtrex, Inc. (NASDAQ:CETX) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 30,200 shares, a decrease of 5.0% from the March 15th total of 31,800 shares. Based on an average trading volume of 53,200 shares, the short-interest ratio is currently 0.6 days.

Cemtrex Price Performance

CETX stock opened at $3.20 on Wednesday. Cemtrex has a 12-month low of $2.91 and a 12-month high of $11.45. The company has a quick ratio of 0.64, a current ratio of 0.92 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average of $3.64 and a 200-day moving average of $4.42.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Monday, February 12th. The industrial products company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.86) by ($0.29). The firm had revenue of $16.88 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company posted ($3.99) EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Cemtrex in a report on Wednesday, April 10th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Citadel Advisors LLC acquired a new position in Cemtrex, Inc. (NASDAQ:CETX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,165 shares of the industrial products company’s stock, valued at approximately $105,000. Citadel Advisors LLC owned approximately 1.42% of Cemtrex as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.97% of the company’s 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.