Cemtrex, Inc. (NASDAQ:CETX – Get Free Report) 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.
Read Our Latest Report on Cemtrex
Cemtrex Price Performance
Cemtrex (NASDAQ:CETX – Get Free Report) 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.
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