Cenntro Inc. (NASDAQ:CENN) Short Interest Update

Cenntro Inc. (NASDAQ:CENN) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 471,000 shares, a decline of 16.6% from the April 30th total of 565,000 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 144,800 shares, the days-to-cover ratio is presently 3.3 days.

Cenntro Stock Up 3.7%

NASDAQ CENN traded up $0.03 on Tuesday, hitting $0.89. 117,721 shares of the company were exchanged, compared to its average volume of 132,993. Cenntro has a 1-year low of $0.64 and a 1-year high of $1.95. The firm has a 50 day moving average of $0.85 and a two-hundred day moving average of $0.99.

Cenntro (NASDAQ:CENN) last announced its earnings results on Thursday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. Cenntro had a negative return on equity of 37.17% and a negative net margin of 109.17%.

Institutional Trading of Cenntro

A hedge fund recently bought a new stake in Cenntro stock. Jane Street Group LLC bought a new position in shares of Cenntro Inc. (NASDAQ:CENN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,864 shares of the company’s stock, valued at approximately $30,000. Jane Street Group LLC owned approximately 0.09% of Cenntro at the end of the most recent quarter.

Cenntro Company Profile

Cenntro Inc engages in the design, development, and manufacture of electric light and medium-duty commercial vehicles in Europe, Asia, and the United States. Its purpose-built electric commercial vehicles are designed to serve various fleet and municipal organizations in support of city services, last-mile delivery, and other commercial applications.