Cenntro Inc. (NASDAQ:CENN) Sees Significant Growth in Short Interest

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

Cenntro Stock Performance

NASDAQ:CENN opened at $1.05 on Friday. Cenntro has a 52 week low of $0.97 and a 52 week high of $2.30. The stock’s fifty day moving average is $1.16 and its two-hundred day moving average is $1.27.

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

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC raised its position in Cenntro Inc. (NASDAQ:CENN) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,490 shares of the company’s stock after purchasing an additional 20,767 shares during the quarter. Geode Capital Management LLC owned 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.