Cenntro Inc. (NASDAQ:CENN – Get Free Report) was the target of a significant decline in short interest during 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. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 7,873 shares, the short-interest ratio is currently 4.8 days.
Institutional Trading of Cenntro
An institutional investor recently raised its position in Cenntro stock. Geode Capital Management LLC grew its holdings in shares of Cenntro Inc. (NASDAQ:CENN – Free Report) by 250.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,371,391 shares of the company’s stock after purchasing an additional 980,466 shares during the quarter. Geode Capital Management LLC owned approximately 1.56% of Cenntro worth $187,000 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 research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cenntro presently has an average rating of “Sell”.
Cenntro Stock Performance
Shares of NASDAQ:CENN traded down $0.03 on Wednesday, hitting $3.42. The company had a trading volume of 5,033 shares, compared to its average volume of 28,817. The stock has a market cap of $5.03 million, a price-to-earnings ratio of -0.15 and a beta of 1.31. The stock has a 50 day moving average price of $3.81 and a 200 day moving average price of $5.67. Cenntro has a 1-year low of $3.07 and a 1-year high of $39.60. The company has a current ratio of 1.69, a quick ratio of 0.86 and a debt-to-equity ratio of 0.08.
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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