Cemtrex, Inc. (NASDAQ:CETX) Short Interest Down 50.4% in April

Cemtrex, Inc. (NASDAQ:CETX – Get Rating) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 49,400 shares, a decrease of 50.4% from the April 15th total of 99,500 shares. Based on an average daily volume of 329,200 shares, the short-interest ratio is currently 0.2 days.

Separately, StockNews.com started coverage on Cemtrex in a report on Saturday, May 7th. They issued a “hold” rating on the stock.

NASDAQ:CETX opened at $0.29 on Friday. The stock’s 50 day moving average price is $0.55 and its 200 day moving average price is $0.79. Cemtrex has a 52 week low of $0.27 and a 52 week high of $2.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.80.

Cemtrex (NASDAQ:CETX – Get Rating) last released its quarterly earnings data on Tuesday, February 22nd. The industrial products company reported ($0.20) EPS for the quarter. Cemtrex had a negative return on equity of 22.81% and a negative net margin of 23.56%. The firm had revenue of $10.67 million during the quarter.

A number of large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Cemtrex in the 4th quarter valued at $115,000. Renaissance Technologies LLC grew its stake in Cemtrex by 85.9% in the 4th quarter. Renaissance Technologies LLC now owns 153,334 shares of the industrial products company’s stock valued at $126,000 after buying an additional 70,834 shares during the last quarter. Finally, Morgan Stanley grew its stake in Cemtrex by 703.6% in the 3rd quarter. Morgan Stanley now owns 73,389 shares of the industrial products company’s stock valued at $85,000 after buying an additional 64,256 shares during the last quarter. Hedge funds and other institutional investors own 5.06% of the company’s stock.

Cemtrex Company Profile (Get Rating)

Cemtrex, Inc operates as a technology company in the United States and internationally. The company operates through Advanced Technologies and Industrial Services segments. The Advanced Technologies segment provides Internet of Things products and smart devices under the SmartDesk name for mobile, web, virtual and augmented reality, wearables, and television markets; and security and video surveillance solutions, and virtual and augmented reality solutions for various commercial and industrial applications.

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