Cenntro Inc. (NASDAQ:CENN) Sees Significant Growth in Short Interest

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 56,304 shares, a growth of 48.8% from the July 15th total of 37,826 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 5,162 shares, the short-interest ratio is currently 10.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its position in Cenntro stock. Renaissance Technologies LLC grew its stake in shares of Cenntro Inc. (NASDAQ:CENN) by 238.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,458 shares of the company’s stock after buying an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned about 0.36% of Cenntro worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Cenntro Stock Performance

Shares of NASDAQ:CENN traded up $0.07 on Tuesday, hitting $3.54. The company’s stock had a trading volume of 537 shares, compared to its average volume of 26,654. Cenntro has a 12 month low of $3.07 and a 12 month high of $39.60. The company has a market capitalization of $5.20 million, a price-to-earnings ratio of -0.15 and a beta of 1.33. The stock’s 50-day moving average is $3.54 and its two-hundred day moving average is $5.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 1.69.

Cenntro (NASDAQ:CENN) last issued its quarterly earnings results on Friday, August 14th. The company reported ($4.31) EPS for the quarter. Cenntro had a negative net margin of 424.20% and a negative return on equity of 130.49%.

Cenntro Company Profile

Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light?duty electric truck platform, offering zero?emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end?to?end services including battery management, telematics integration and ongoing fleet support.