Cenntro Inc. (NASDAQ:CENN) Short Interest Update

Cenntro Inc. (NASDAQ:CENN) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 688,000 shares, a growth of 15.1% from the December 15th total of 597,900 shares. Based on an average trading volume of 131,800 shares, the days-to-cover ratio is presently 5.2 days. Approximately 3.1% of the company’s shares are sold short.

Institutional Trading of Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC boosted its stake in Cenntro Inc. (NASDAQ:CENN) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,490 shares of the company’s stock after buying an additional 20,767 shares during the quarter. Geode Capital Management LLC owned approximately 0.90% of Cenntro worth $325,000 at the end of the most recent quarter.

Cenntro Stock Down 0.8 %

Shares of NASDAQ:CENN traded down $0.01 during mid-day trading on Friday, hitting $1.20. The stock had a trading volume of 98,465 shares, compared to its average volume of 189,982. The company’s 50 day moving average is $1.19 and its 200-day moving average is $1.30. Cenntro has a 12-month low of $1.00 and a 12-month high of $2.30.

Cenntro (NASDAQ:CENN) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.29) earnings per share (EPS) for the quarter. Cenntro had a negative return on equity of 37.17% and a negative net margin of 109.17%. The business had revenue of $16.73 million during the quarter.

Cenntro Company Profile

Cenntro Inc engages in the design, development, and manufacture of electric light and medium-duty commercial vehicles in Europe, Asia, and the United States. Its purpose-built electric commercial vehicles are designed to serve various fleet and municipal organizations in support of city services, last-mile delivery, and other commercial applications.