Cenntro Inc. (NASDAQ:CENN) Sees Large Decrease in Short Interest

Cenntro Inc. (NASDAQ:CENN) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 37,826 shares, a decline of 44.3% from the June 30th total of 67,965 shares. Based on an average daily trading volume, of 7,873 shares, the days-to-cover ratio is currently 4.8 days. Currently, 2.7% of the company’s shares are short sold.

Institutional Trading of Cenntro

An institutional investor recently raised its stake in Cenntro stock. Geode Capital Management LLC boosted its stake in shares of Cenntro Inc. (NASDAQ:CENN) by 250.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,371,391 shares of the company’s stock after buying an additional 980,466 shares during the period. Geode Capital Management LLC owned approximately 1.56% of Cenntro worth $187,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cenntro in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Cenntro Stock Down 4.0%

NASDAQ:CENN traded down $0.14 during mid-day trading on Thursday, hitting $3.34. 1,968 shares of the company’s stock were exchanged, compared to its average volume of 28,635. The company has a market cap of $4.91 million, a PE ratio of -0.14 and a beta of 1.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.69 and a quick ratio of 0.86. Cenntro has a one year low of $3.07 and a one year high of $39.60. The business has a fifty day moving average price of $3.80 and a 200 day moving average price of $5.63.

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.