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

Cenntro Inc. (NASDAQ:CENN) was the target of a significant decrease in short interest in 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. Based on an average daily trading volume, of 69,550 shares, the short-interest ratio is presently 1.2 days. Approximately 6.9% of the company’s shares are short sold.

Cenntro Trading Up 5.8%

CENN traded up $0.23 during mid-day trading on Friday, hitting $4.22. The stock had a trading volume of 28,998 shares, compared to its average volume of 49,623. The stock’s fifty day simple moving average is $6.30 and its 200-day simple moving average is $8.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.71 and a quick ratio of 0.89. The firm has a market capitalization of $6.20 million, a price-to-earnings ratio of -0.14 and a beta of 1.66. Cenntro has a 1-year low of $3.65 and a 1-year high of $66.00.

Cenntro (NASDAQ:CENN) last posted its earnings results on Wednesday, April 15th. The company reported ($53.61) earnings per share for the quarter. The firm had revenue of $4.96 million during the quarter. Cenntro had a negative return on equity of 102.15% and a negative net margin of 403.73%.

Institutional Investors Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Renaissance Technologies LLC grew its position in Cenntro Inc. (NASDAQ:CENN) by 238.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 319,458 shares of the company’s stock after purchasing an additional 225,008 shares during the period. Renaissance Technologies LLC owned about 0.36% of Cenntro worth $43,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cenntro currently has an average rating of “Sell”.

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.