Short Interest in Cemtrex Inc. (NASDAQ:CETX) Expands By 30.6%

Cemtrex Inc. (NASDAQ:CETX) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 300,443 shares, a growth of 30.6% from the November 30th total of 229,983 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average daily trading volume, of 14,487,067 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 14,487,067 shares, the days-to-cover ratio is presently 0.0 days. Approximately 4.8% of the company’s shares are sold short.

Cemtrex Stock Performance

NASDAQ:CETX opened at $2.11 on Tuesday. Cemtrex has a 52 week low of $2.10 and a 52 week high of $55.50. The company has a fifty day simple moving average of $3.70 and a two-hundred day simple moving average of $10.67. The company has a quick ratio of 0.96, a current ratio of 1.20 and a debt-to-equity ratio of 2.20. The company has a market cap of $14.58 million, a price-to-earnings ratio of -0.01 and a beta of 1.29.

Institutional Investors Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Sabby Management LLC purchased a new stake in Cemtrex Inc. (NASDAQ:CETX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,987 shares of the industrial products company’s stock, valued at approximately $141,000. Cemtrex makes up approximately 0.2% of Sabby Management LLC’s investment portfolio, making the stock its 19th largest holding. Sabby Management LLC owned about 3.38% of Cemtrex as of its most recent filing with the SEC. Institutional investors and hedge funds 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 report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Cemtrex Company Profile

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.