Cemtrex, Inc. (NASDAQ:CETX) Short Interest Down 35.0% in June

Cemtrex, Inc. (NASDAQ:CETX) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 1,470,000 shares, a decline of 35.0% from the May 31st total of 2,260,000 shares. Currently, 13.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,220,000 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Cemtrex in a report on Saturday. They set a “hold” rating for the company.

Cemtrex Price Performance

Shares of NASDAQ:CETX opened at $0.22 on Monday. Cemtrex has a 1-year low of $0.21 and a 1-year high of $8.90. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.57 and a quick ratio of 1.16. The business has a 50-day moving average price of $0.55 and a two-hundred day moving average price of $2.79.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data on Tuesday, May 14th. The industrial products company reported ($1.46) earnings per share for the quarter. The firm had revenue of $17.16 million for the quarter. Cemtrex had a negative return on equity of 74.68% and a negative net margin of 7.64%. During the same period in the prior year, the company earned ($0.75) earnings per share.

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.