Short Interest in Cenntro Inc. (NASDAQ:CENN) Decreases By 10.2%

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 582,800 shares, a drop 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 short sold.

Cenntro Trading Down 3.0 %

CENN stock opened at $1.28 on Tuesday. Cenntro has a 52 week low of $1.00 and a 52 week high of $2.50. The firm has a 50 day moving average of $1.23 and a 200 day moving average of $1.46.

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

Institutional Investors Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC increased its position in shares of Cenntro Inc. (NASDAQ:CENN) by 8.1% during the third quarter, according to its most recent Form 13F filing with the SEC. 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 0.90% of Cenntro worth $325,000 as of its most recent filing with the SEC.

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.