Short Interest in Cemtrex Inc. (NASDAQ:CETX) Decreases By 60.3%

Cemtrex Inc. (NASDAQ:CETX) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 732,825 shares, a decline of 60.3% from the December 31st total of 1,847,606 shares. Currently, 8.5% of the company’s shares are short sold. Based on an average daily volume of 7,039,838 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 7,039,838 shares, the days-to-cover ratio is presently 0.1 days. Currently, 8.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cemtrex stock. Daytona Street Capital LLC acquired a new stake in Cemtrex Inc. (NASDAQ:CETX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,106,400 shares of the industrial products company’s stock, valued at approximately $5,456,000. Cemtrex comprises about 3.6% of Daytona Street Capital LLC’s holdings, making the stock its 2nd biggest holding. Daytona Street Capital LLC owned approximately 24.49% of Cemtrex as of its most recent SEC filing. Hedge funds and other institutional investors own 1.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cemtrex Trading Down 4.8%

Shares of Cemtrex stock traded down $0.09 during trading hours on Thursday, hitting $1.70. The company’s stock had a trading volume of 377,980 shares, compared to its average volume of 4,308,774. The company has a market capitalization of $14.58 million, a PE ratio of -0.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.94. The stock has a 50 day moving average of $2.73 and a 200 day moving average of $8.48. Cemtrex has a 12 month low of $1.67 and a 12 month high of $42.60.

Cemtrex (NASDAQ:CETX) last posted its earnings results on Monday, December 29th. The industrial products company reported ($35.68) earnings per share (EPS) for the quarter. The business 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%.

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.