Cenntro Inc. (NASDAQ:CENN) Sees Significant Drop in Short Interest
by Renee Jackson · The Cerbat GemCenntro Inc. (NASDAQ:CENN – Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 84,589 shares, a decrease of 98.1% from the March 31st total of 4,461,325 shares. Currently, 6.9% of the company’s shares are sold short. Based on an average trading volume of 69,550 shares, the days-to-cover ratio is currently 1.2 days.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cenntro in a research report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on Cenntro
Cenntro Trading Up 5.8%
Cenntro stock traded up $0.23 during mid-day trading on Friday, hitting $4.22. The company’s stock had a trading volume of 28,998 shares, compared to its average volume of 49,623. The company has a 50 day moving average of $6.30 and a 200-day moving average of $8.95. The stock has a market cap of $6.19 million, a PE ratio of -0.14 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.89 and a current ratio of 1.71. Cenntro has a one year low of $3.65 and a one year high of $66.00.
Cenntro (NASDAQ:CENN – Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The company reported ($53.61) EPS for the quarter. The business had revenue of $4.96 million during the quarter. Cenntro had a negative net margin of 403.73% and a negative return on equity of 102.15%.
Hedge Funds Weigh In On Cenntro
A hedge fund recently raised its stake in Cenntro stock. Renaissance Technologies LLC lifted its position in shares of Cenntro Inc. (NASDAQ:CENN – Free Report) by 238.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,458 shares of the company’s stock after buying an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned approximately 0.36% of Cenntro worth $43,000 at the end of the most recent quarter.
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.