Cenntro Inc. (NASDAQ:CENN) Short Interest Update

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 37,826 shares, a decrease of 44.3% from the June 30th total of 67,965 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,873 shares, the short-interest ratio is presently 4.8 days.

Cenntro Price Performance

Shares of Cenntro stock traded down $0.07 during trading on Friday, hitting $3.20. The stock had a trading volume of 3,555 shares, compared to its average volume of 28,484. The business has a fifty day moving average of $3.78 and a two-hundred day moving average of $5.58. Cenntro has a fifty-two week low of $3.07 and a fifty-two week high of $39.60. The firm has a market cap of $4.70 million, a P/E ratio of -0.14 and a beta of 1.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.69 and a quick ratio of 0.86.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Cenntro

A hedge fund recently raised its position in Cenntro stock. Geode Capital Management LLC lifted its holdings in Cenntro Inc. (NASDAQ:CENN) by 250.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,371,391 shares of the company’s stock after purchasing an additional 980,466 shares during the period. Geode Capital Management LLC owned about 1.56% of Cenntro worth $187,000 at the end of the most recent reporting period.

About Cenntro

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.