Short Interest in Cenntro Inc. (NASDAQ:CENN) Rises By 8.5%

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 701,100 shares, an increase of 8.5% from the January 15th total of 646,100 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 150,700 shares, the short-interest ratio is currently 4.7 days.

Institutional Investors Weigh In On Cenntro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CENN. Jane Street Group LLC acquired a new position in shares of Cenntro during the 4th quarter valued at $30,000. Squarepoint Ops LLC bought a new position in Cenntro during the fourth quarter valued at about $59,000. Finally, Geode Capital Management LLC grew 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 worth $325,000 after purchasing an additional 20,767 shares during the last quarter.

Cenntro Trading Up 1.3 %

Shares of NASDAQ:CENN traded up $0.01 during trading on Monday, reaching $0.99. The company had a trading volume of 129,205 shares, compared to its average volume of 113,395. The firm’s fifty day moving average is $1.12 and its 200 day moving average is $1.21. Cenntro has a twelve month low of $0.97 and a twelve month high of $2.30.

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.