Cenntro Inc. (NASDAQ:CENN) Sees Significant Decline in Short Interest

Cenntro Inc. (NASDAQ:CENN) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,751,944 shares, a decrease of 30.1% from the December 31st total of 3,938,632 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,382,992 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 1,382,992 shares, the short-interest ratio is currently 2.0 days. Currently, 3.7% of the shares of the company are sold short.

Cenntro Trading Down 0.6%

Shares of NASDAQ:CENN opened at $0.15 on Friday. The business has a 50 day moving average of $0.16 and a two-hundred day moving average of $0.34. Cenntro has a 12-month low of $0.13 and a 12-month high of $1.12. The company has a market capitalization of $13.07 million, a PE ratio of -0.29 and a beta of 0.11.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Cenntro Company Profile

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.