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

Cenntro Inc. (NASDAQ:CENN) was the target of a significant growth in short interest in 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 volume of 131,800 shares, the short-interest ratio is currently 5.2 days. Currently, 3.1% of the shares of the stock are short sold.

Cenntro Price Performance

Shares of Cenntro stock opened at $1.05 on Friday. The business has a 50 day simple moving average of $1.16 and a two-hundred day simple moving average of $1.27. Cenntro has a 12 month low of $0.97 and a 12 month high of $2.30.

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

Institutional Investors Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC grew its stake in Cenntro Inc. (NASDAQ:CENN) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 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.