Short Interest in Cemtrex, Inc. (NASDAQ:CETX) Increases By 3,913.6%

Cemtrex, Inc. (NASDAQ:CETX) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 176,600 shares, an increase of 3,913.6% from the November 15th total of 4,400 shares. Approximately 13.2% of the company’s stock are sold short. Based on an average trading volume of 326,300 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Cemtrex in a research report on Thursday, November 28th. They set a “hold” rating on the stock.

Cemtrex Price Performance

Shares of CETX opened at $3.26 on Friday. The company has a debt-to-equity ratio of 48.20, a current ratio of 1.89 and a quick ratio of 1.35. The company’s fifty day moving average price is $10.43 and its 200-day moving average price is $8.88. Cemtrex has a 1-year low of $2.71 and a 1-year high of $13,629.00. The firm has a market capitalization of $26,080.00, a PE ratio of 0.00 and a beta of 1.76.

Cemtrex Company Profile

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.