Cenntro Inc. (NASDAQ:CENN – Get Free Report) fell 3.8% during trading on Tuesday . The company traded as low as $0.83 and last traded at $0.84. 142,766 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 144,356 shares. The stock had previously closed at $0.87.
Cenntro Price Performance
The company’s 50 day moving average price is $0.95 and its two-hundred day moving average price is $1.11.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in Cenntro in the fourth quarter valued at approximately $59,000. Jane Street Group LLC purchased a new stake in Cenntro in the fourth quarter valued at $30,000. Finally, Geode Capital Management LLC lifted its stake in shares of Cenntro by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 277,490 shares of the company’s stock valued at $325,000 after purchasing an additional 20,767 shares during the last quarter.
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.
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