Cemtrex, Inc. (NASDAQ:CETX) Short Interest Down 99.7% in November

Cemtrex, Inc. (NASDAQ:CETX) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 4,400 shares, a decrease of 99.7% from the October 31st total of 1,330,000 shares. Based on an average daily volume of 196,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Cemtrex in a research report on Thursday. They issued a “hold” rating on the stock.

Cemtrex Trading Down 0.9 %

Cemtrex stock traded down $0.03 during mid-day trading on Friday, reaching $3.18. 308,489 shares of the company traded hands, compared to its average volume of 58,093. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20. Cemtrex has a 52-week low of $3.00 and a 52-week high of $13,629.00. The firm’s 50 day moving average price is $12.37 and its 200 day moving average price is $9.54.

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.