Short Interest in Cenntro Inc. (NASDAQ:CENN) Increases By 15.1%

Cenntro Inc. (NASDAQ:CENN) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 688,000 shares, a growth of 15.1% from the December 15th total of 597,900 shares. Based on an average daily volume of 131,800 shares, the days-to-cover ratio is currently 5.2 days. Currently, 3.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC increased its position in Cenntro Inc. (NASDAQ:CENN) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Cenntro Trading Down 0.8 %

Cenntro stock traded down $0.01 during mid-day trading on Friday, hitting $1.20. 98,465 shares of the company’s stock were exchanged, compared to its average volume of 189,982. Cenntro has a 1-year low of $1.00 and a 1-year high of $2.30. The stock has a 50 day moving average of $1.19 and a two-hundred day moving average of $1.30.

Cenntro (NASDAQ:CENN) last issued 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 company had revenue of $16.73 million for the 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.