Cenntro Inc. (NASDAQ:CENN – Get Free Report) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 5,162 shares, the short-interest ratio is currently 10.9 days. Currently, 4.1% of the company’s stock are sold short.
Cenntro Stock Up 0.3%
Shares of Cenntro stock traded up $0.01 during midday trading on Wednesday, hitting $3.55. The company had a trading volume of 1,216 shares, compared to its average volume of 26,509. Cenntro has a 52-week low of $3.07 and a 52-week high of $39.60. 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 capitalization of $5.20 million, a P/E ratio of -0.25 and a beta of 1.33. The company has a 50 day moving average of $3.53 and a 200 day moving average of $5.05.
Cenntro (NASDAQ:CENN – Get Free Report) last issued its quarterly earnings results 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%.
Analysts Set New Price Targets
Read Our Latest Research Report on CENN
Institutional Investors Weigh In On Cenntro
An institutional investor recently raised its position in Cenntro stock. Renaissance Technologies LLC boosted its holdings in Cenntro Inc. (NASDAQ:CENN – Free Report) by 238.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,458 shares of the company’s stock after acquiring an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned 0.36% of Cenntro worth $43,000 at the end of the most recent quarter.
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.
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