Cenntro Inc. (NASDAQ:CENN) Short Interest Up 15.1% in January

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

Cenntro Trading Down 3.7 %

NASDAQ:CENN opened at $1.05 on Monday. Cenntro has a fifty-two week low of $0.97 and a fifty-two week high of $2.30. The business’s 50-day simple moving average is $1.16 and its 200-day simple moving average is $1.26.

Cenntro (NASDAQ:CENN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.29) earnings per share (EPS) for the quarter. Cenntro had a negative net margin of 109.17% and a negative return on equity of 37.17%. The business had revenue of $16.73 million during 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 the company in its most recent Form 13F filing with the SEC. 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 about 0.90% of Cenntro worth $325,000 as of its most recent filing with the SEC.

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.