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

Cenntro Inc. (NASDAQ:CENN) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 56,304 shares, a growth of 48.8% from the July 15th total of 37,826 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily volume of 5,162 shares, the short-interest ratio is currently 10.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cenntro in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cenntro currently has an average rating of “Sell”.

Institutional Investors Weigh In On Cenntro

A hedge fund recently raised its position in Cenntro stock. Geode Capital Management LLC raised its stake in Cenntro Inc. (NASDAQ:CENN) by 250.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,371,391 shares of the company’s stock after buying an additional 980,466 shares during the quarter. Geode Capital Management LLC owned approximately 1.56% of Cenntro worth $187,000 as of its most recent SEC filing.

Cenntro Stock Performance

Shares of Cenntro stock traded up $0.07 during trading hours on Tuesday, reaching $3.54. The company’s stock had a trading volume of 537 shares, compared to its average volume of 26,654. Cenntro has a one year low of $3.07 and a one year high of $39.60. The company’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $5.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 1.69. The stock has a market cap of $5.20 million, a P/E ratio of -0.15 and a beta of 1.33.

Cenntro (NASDAQ:CENN) last announced its quarterly earnings data on Friday, August 14th. The company reported ($4.31) earnings per share for the quarter. Cenntro had a negative net margin of 424.20% and a negative return on equity of 130.49%.

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.