Cenntro Inc. (NASDAQ:CENN) Short Interest Update

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 582,800 shares, a decline of 10.2% from the October 15th total of 649,000 shares. Based on an average daily volume of 86,400 shares, the days-to-cover ratio is currently 6.7 days. Approximately 2.7% of the shares of the company are sold short.

Cenntro Stock Performance

NASDAQ CENN traded down $0.05 during trading on Friday, hitting $1.32. The company’s stock had a trading volume of 76,286 shares, compared to its average volume of 102,432. The firm has a 50 day moving average price of $1.22 and a 200 day moving average price of $1.46. Cenntro has a 52 week low of $1.00 and a 52 week high of $2.50.

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

Institutional Investors Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC grew its stake in Cenntro Inc. (NASDAQ:CENN) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,490 shares of the company’s stock after acquiring an additional 20,767 shares during the period. Geode Capital Management LLC owned 0.90% of Cenntro worth $325,000 at the end of the most recent 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.