Cenntro Inc. (NASDAQ:CENN) Short Interest Up 15.1% in December

Cenntro Inc. (NASDAQ:CENN) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 688,000 shares, an increase of 15.1% from the December 15th total of 597,900 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 131,800 shares, the days-to-cover ratio is presently 5.2 days.

Cenntro Stock Performance

CENN stock traded down $0.01 during mid-day trading on Friday, hitting $1.20. 98,465 shares of the company were exchanged, compared to its average volume of 189,982. Cenntro has a 1-year low of $1.00 and a 1-year high of $2.30. The firm’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.30.

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. Cenntro had a negative return on equity of 37.17% and a negative net margin of 109.17%. The company had revenue of $16.73 million for the quarter.

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC grew its position in Cenntro Inc. (NASDAQ:CENN) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,490 shares of the company’s stock after purchasing an additional 20,767 shares during the period. Geode Capital Management LLC owned approximately 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.