Cenntro Inc. (NASDAQ:CENN – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 634,700 shares, a drop of 7.1% from the August 15th total of 683,300 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 119,600 shares, the days-to-cover ratio is currently 5.3 days.
Cenntro Price Performance
CENN traded up $0.02 on Wednesday, hitting $1.19. 105,225 shares of the company’s stock were exchanged, compared to its average volume of 139,183. The stock has a fifty day moving average of $1.43 and a two-hundred day moving average of $1.54. Cenntro has a twelve month low of $1.00 and a twelve month high of $2.76.
Cenntro (NASDAQ:CENN – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($0.30) EPS for the quarter. The company had revenue of $8.32 million for the quarter. Cenntro had a negative net margin of 182.41% and a negative return on equity of 40.46%.
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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