Cemtrex Inc. (NASDAQ:CETX) Short Interest Update

Cemtrex Inc. (NASDAQ:CETX) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 654,445 shares, an increase of 26.7% from the January 29th total of 516,410 shares. Based on an average daily volume of 1,175,392 shares, the short-interest ratio is presently 0.6 days. Approximately 7.6% of the shares of the stock are short sold. Approximately 7.6% of the shares of the stock are short sold. Based on an average daily volume of 1,175,392 shares, the short-interest ratio is presently 0.6 days.

Cemtrex Stock Down 4.6%

Shares of NASDAQ CETX opened at $1.04 on Thursday. The company has a current ratio of 2.38, a quick ratio of 1.96 and a debt-to-equity ratio of 0.28. Cemtrex has a 12 month low of $0.98 and a 12 month high of $42.60. The firm has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $5.35. The firm has a market capitalization of $10.48 million, a PE ratio of 0.02 and a beta of 1.38.

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 firm had revenue of $16.13 million for the quarter.

Institutional Investors Weigh In On Cemtrex

A number of large investors have recently added to or reduced their stakes in the stock. Sabby Management LLC purchased a new stake in Cemtrex during the 3rd quarter valued at $141,000. Millennium Management LLC bought a new stake in shares of Cemtrex during the 4th quarter valued at about $70,000. Engineers Gate Manager LP purchased a new stake in shares of Cemtrex during the 4th quarter valued at about $115,000. Jane Street Group LLC bought a new position in shares of Cemtrex in the 4th quarter worth approximately $186,000. Finally, Daytona Street Capital LLC purchased a new position in shares of Cemtrex in the fourth quarter worth approximately $5,456,000. Institutional investors own 1.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.