Aug 6, 01:30 PM

Cemtrex Stock Draws Paid Social-Media Promotion Amid High Short Interest

Cemtrex Inc. shares were the subject of a one-day paid promotion on 6 Aug. after a social-media personality operating as “FonsieTrader” disclosed receiving $150 to publish favorable commentary about the stock. The promoter told followers the Nasdaq-listed company’s low share count and elevated short interest made it a candidate for a rapid price swing, urging traders to watch for a breakout above $1.44. A disclaimer attached to the promotion notes that the individual and the unidentified party providing the payment may trade Cemtrex shares before, during or after the marketing campaign, and that the material is not investment advice. The notice warns that investors who buy during the promotion could face sharp losses if the stock price retreats once the publicity ends. Cemtrex’s publicly available float is about 2.95 million shares, with short positions representing roughly 26.5% of that total, according to figures cited by the promoter. The New York-based electronics manufacturer has a history of large intraday swings, making it a frequent target for speculative trading strategies.

#Nasdaq #Cemtrex #New York

Written with ChatGPT .

Cemtrex Stock Draws Paid Social-Media Promotion Amid High Short Interest

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