Cenntro Inc. (NASDAQ:CENN) Short Interest Up 8.5% in January

Cenntro Inc. (NASDAQ:CENN) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 701,100 shares, a growth of 8.5% from the January 15th total of 646,100 shares. Based on an average daily trading volume, of 150,700 shares, the short-interest ratio is currently 4.7 days. Approximately 3.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Cenntro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new stake in Cenntro in the fourth quarter worth $59,000. Jane Street Group LLC bought a new position in Cenntro during the fourth quarter valued at about $30,000. Finally, Geode Capital Management LLC lifted its position in shares of Cenntro by 8.1% in the third quarter. Geode Capital Management LLC now owns 277,490 shares of the company’s stock worth $325,000 after buying an additional 20,767 shares during the last quarter.

Cenntro Stock Up 1.3 %

Shares of CENN traded up $0.01 during midday trading on Monday, reaching $0.99. 129,205 shares of the stock were exchanged, compared to its average volume of 113,395. The firm has a 50 day simple moving average of $1.12 and a 200-day simple moving average of $1.21. Cenntro has a 12-month low of $0.97 and a 12-month high of $2.30.

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.