Cemtrex Inc (NASDAQ:CETX) Reports Increase in Sellers; Strong Momentum for Short Players

May 19, 2018 - By Dolores Ford

Cemtrex, Inc. (NASDAQ:CETX) Logo

The stock of Cemtrex Inc (NASDAQ:CETX) registered an increase of 1.01% in short interest. CETX’s total short interest was 420,800 shares in May as published by FINRA. Its up 1.01% from 416,600 shares, reported previously. With 25,300 shares average volume, it will take short sellers 17 days to cover their CETX’s short positions. The short interest to Cemtrex Inc’s float is 6.94%.

The stock increased 4.15% or $0.09 during the last trading session, reaching $2.26. About 88,779 shares traded or 24.51% up from the average. Cemtrex, Inc. (NASDAQ:CETX) has declined 14.33% since May 19, 2017 and is downtrending. It has underperformed by 25.88% the S&P500.

Cemtrex, Inc. provides electronic manufacturing services of electric system assemblies, instruments and emission monitors for industrial processes, and industrial air filtration and environmental control systems worldwide. The company has market cap of $26.14 million. It operates through two divisions, Industrial Products and Services , and Electronics Manufacturing Services (EMS). It has a 9.3 P/E ratio. The IPS segment provides a range of air filtration and environmental control products to various industrial and manufacturing industries; monitoring instruments, software, and systems for measurement of emissions of greenhouse gases, hazardous gases, particulate, and other regulated pollutants used in emissions trading, as well as for industrial processes; and monitoring and analysis equipment for gas and liquid measurement for various downstream gas and oil applications, as well as various industrial process applications.

More important recent Cemtrex, Inc. (NASDAQ:CETX) news were published by: Benzinga.com which released: “Mid-Day Market Update: Abaxis Climbs On Acquisition News; Evolus Shares Plunge” on May 16, 2018, also Nasdaq.com published article titled: “Cemtrex, Inc. (CETX) Announces Results for the Second Quarter ended March 31, 2018”, Nasdaq.com published: “Mid-Afternoon Market Update: Blink Charging Rises After Q1 Results; Purple Innovation Shares Slide” on May 16, 2018. More interesting news about Cemtrex, Inc. (NASDAQ:CETX) was released by: Globenewswire.com and their article: “Cemtrex CEO Provides Update to Shareholders” with publication date: May 16, 2018.

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