Short Interest in Cemtrex Inc. (NASDAQ:CETX) Decreases By 29.5%

Cemtrex Inc. (NASDAQ:CETX) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 516,410 shares, a decline of 29.5% from the January 15th total of 732,825 shares. Currently, 6.0% of the company’s stock are sold short. Based on an average trading volume of 1,183,942 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,183,942 shares, the days-to-cover ratio is currently 0.4 days. Currently, 6.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Cemtrex Stock Performance

Shares of CETX stock remained flat at $1.40 on Friday. 415,464 shares of the stock traded hands, compared to its average volume of 1,170,310. The business has a 50-day simple moving average of $2.39 and a 200 day simple moving average of $7.08. The stock has a market capitalization of $12.04 million, a price-to-earnings ratio of -0.01 and a beta of 1.38. Cemtrex has a fifty-two week low of $1.36 and a fifty-two week high of $42.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.94.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Monday, December 29th. The industrial products company reported ($35.68) earnings per share (EPS) for the quarter. The firm had revenue of $18.53 million for the quarter. Cemtrex had a negative return on equity of 524.31% and a negative net margin of 36.75%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CETX. Sabby Management LLC bought a new stake in shares of Cemtrex in the 3rd quarter worth about $141,000. Daytona Street Capital LLC acquired a new stake in Cemtrex during the fourth quarter valued at approximately $5,456,000. Finally, Jane Street Group LLC acquired a new position in shares of Cemtrex in the 4th quarter worth approximately $186,000. 1.97% of the stock is currently owned by institutional investors.

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.