Cenntro Inc. (NASDAQ:CENN) Stock Short Interest Jumps 897.3%

Cenntro Inc. (NASDAQ:CENN) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 398,942 shares, an increase of 897.3% from the October 15th total of 40,003 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 934,601 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cenntro in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Cenntro Price Performance

NASDAQ CENN opened at $0.18 on Friday. The company’s 50 day simple moving average is $3.05 and its two-hundred day simple moving average is $4.53. The company has a current ratio of 1.65, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10. Cenntro has a 1 year low of $0.12 and a 1 year high of $12.30.

Cenntro (NASDAQ:CENN) last released its quarterly earnings results on Friday, August 14th. The company reported ($4.31) EPS for the quarter. Cenntro had a negative net margin of 424.20% and a negative return on equity of 142.57%.

About Cenntro

Cenntro Electric Group Limited (NASDAQ: CENN) is an electric commercial vehicle company focused on designing, manufacturing and distributing all-electric vehicles for commercial, municipal and last-mile delivery applications. Its product portfolio has included compact cargo vans, utility vehicles and other light commercial vehicles intended for urban transportation, delivery, logistics and service operations. The company’s vehicles are designed for applications such as package delivery, short-distance freight transport, facility maintenance and municipal services.