Cemtrex, Inc. (NASDAQ:CETX – Get Free Report) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 176,900 shares, a decrease of 53.1% from the December 15th total of 377,300 shares. Currently, 10.3% of the shares of the company are sold short. Based on an average daily trading volume, of 493,800 shares, the short-interest ratio is presently 0.4 days.
Cemtrex Stock Performance
Shares of NASDAQ:CETX traded up $0.07 during midday trading on Tuesday, reaching $2.97. 41,197 shares of the company’s stock traded hands, compared to its average volume of 237,061. The company has a fifty day simple moving average of $4.13 and a two-hundred day simple moving average of $7.69. 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 1 year low of $2.71 and a 1 year high of $12,096.00.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Cemtrex from a “hold” rating to a “buy” rating in a report on Friday.
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.
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