Cenntro Inc. (NASDAQ:CENN) Short Interest Update

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 2,751,944 shares, a decline of 30.1% from the December 31st total of 3,938,632 shares. Based on an average daily volume of 1,382,992 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.7% of the company’s stock are sold short. Currently, 3.7% of the company’s stock are sold short. Based on an average daily volume of 1,382,992 shares, the days-to-cover ratio is currently 2.0 days.

Cenntro Trading Down 0.6%

Shares of CENN stock opened at $0.15 on Friday. The company has a market cap of $13.07 million, a P/E ratio of -0.29 and a beta of 0.11. The firm has a fifty day moving average price of $0.16 and a 200 day moving average price of $0.34. Cenntro has a 12 month low of $0.13 and a 12 month high of $1.12.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cenntro presently has a consensus rating of “Sell”.

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.