Cemtrex, Inc. (NASDAQ:CETX) Short Interest Update

Cemtrex, Inc. (NASDAQ:CETX) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 311,000 shares, a growth of 689.3% from the December 15th total of 39,400 shares. Based on an average daily volume of 3,930,000 shares, the short-interest ratio is presently 0.1 days.

Shares of NASDAQ:CETX opened at $0.85 on Friday. Cemtrex has a one year low of $0.75 and a one year high of $4.20. The stock has a fifty day moving average of $0.99 and a 200-day moving average of $1.16. The company has a current ratio of 2.26, a quick ratio of 1.66 and a debt-to-equity ratio of 0.21.

Several large investors have recently made changes to their positions in CETX. Renaissance Technologies LLC acquired a new stake in shares of Cemtrex during the 2nd quarter valued at $157,000. Morgan Stanley lifted its position in shares of Cemtrex by 703.6% during the 3rd quarter. Morgan Stanley now owns 73,389 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 64,256 shares during the last quarter. State Street Corp acquired a new stake in shares of Cemtrex during the 2nd quarter valued at $47,000. Finally, Northern Trust Corp lifted its position in shares of Cemtrex by 132.2% during the 2nd quarter. Northern Trust Corp now owns 36,472 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 20,767 shares during the last quarter. Institutional investors own 5.38% of the company’s stock.

About Cemtrex

Cemtrex, Inc engages in the provision of solutions in the technology. It operates through the following segments: Advanced Technologies and Industrial Services. The Advanced Technologies segment delivers cutting-edge technologies in the IoT, Wearables and Smart Devices, such as the SmartDesk. It also includes the Company’s subsidiary Vicon Industries, which provides end-to-end security solutions to meet the toughest corporate, industrial and governmental security challenges The Industrial Services segment offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation and disassembly to diversified customers.

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