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

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC lifted its position in Cenntro Inc. (NASDAQ:CENN) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,490 shares of the company’s stock after buying an additional 20,767 shares during the period. Geode Capital Management LLC owned about 0.90% of Cenntro worth $325,000 as of its most recent SEC filing.

Cenntro Stock Performance

NASDAQ:CENN traded down $0.01 on Friday, hitting $1.20. 98,465 shares of the stock were exchanged, compared to its average volume of 189,982. Cenntro has a 52 week low of $1.00 and a 52 week high of $2.30. The company’s 50-day moving average price is $1.19 and its 200 day moving average price is $1.30.

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

Cenntro Company Profile

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.