Cemtrex, Inc. (NASDAQ:CETX) Short Interest Up 113.6% in December

Cemtrex, Inc. (NASDAQ:CETX) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 377,300 shares, a growth of 113.6% from the November 30th total of 176,600 shares. Currently, 28.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 448,900 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Cemtrex from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th.

Cemtrex Price Performance

Shares of NASDAQ CETX traded down $0.01 during trading on Friday, reaching $3.07. The company had a trading volume of 140,671 shares, compared to its average volume of 118,038. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 48.20. Cemtrex has a twelve month low of $2.71 and a twelve month high of $12,096.00. The stock has a 50-day moving average price of $5.62 and a two-hundred day moving average price of $8.15. The stock has a market capitalization of $24,560.00, a PE ratio of 0.00 and a beta of 1.76.

About Cemtrex

Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.