Cenntro Inc. (NASDAQ:CENN) Short Interest Update

Cenntro Inc. (NASDAQ:CENN) was the target of a large growth in short interest during 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 daily trading volume, of 131,800 shares, the days-to-cover ratio is presently 5.2 days. Approximately 3.1% of the company’s stock are short sold.

Cenntro Price Performance

CENN traded down $0.01 during mid-day trading on Friday, reaching $1.20. 98,465 shares of the stock were exchanged, compared to its average volume of 189,982. Cenntro has a 1 year low of $1.00 and a 1 year high of $2.30. The company has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $1.30.

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

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC increased its holdings in shares of Cenntro Inc. (NASDAQ:CENN) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,490 shares of the company’s stock after acquiring an additional 20,767 shares during the quarter. Geode Capital Management LLC owned approximately 0.90% of Cenntro worth $325,000 as of its most recent SEC filing.

About Cenntro

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.