Cemtrex, Inc. (NASDAQ:CETX – Get Free Report) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 45,600 shares, a decline of 6.7% from the October 15th total of 48,900 shares. Based on an average trading volume of 63,800 shares, the short-interest ratio is currently 0.7 days.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Cemtrex in a research note on Thursday, October 5th. They set a “hold” rating on the stock.
Cemtrex Trading Up 0.2 %
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Cemtrex stock. Citadel Advisors LLC acquired a new position in shares of Cemtrex, Inc. (NASDAQ:CETX – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing. 3.38% of the stock is owned by institutional investors.
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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