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

Cenntro Inc. (NASDAQ:CENN) was the recipient of a significant decrease in short interest during 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. Currently, 6.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 69,550 shares, the days-to-cover ratio is presently 1.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cenntro in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Cenntro

An institutional investor recently raised its position in Cenntro stock. Geode Capital Management LLC boosted its holdings in Cenntro Inc. (NASDAQ:CENN) by 250.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,371,391 shares of the company’s stock after buying an additional 980,466 shares during the period. Geode Capital Management LLC owned approximately 1.56% of Cenntro worth $187,000 as of its most recent SEC filing.

Cenntro Price Performance

Shares of CENN traded up $0.23 during mid-day trading on Friday, hitting $4.22. 28,998 shares of the company traded hands, compared to its average volume of 49,623. Cenntro has a one year low of $3.65 and a one year high of $66.00. The company has a current ratio of 1.71, a quick ratio of 0.89 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $6.30 and a 200 day moving average of $8.95. The stock has a market capitalization of $6.20 million, a price-to-earnings ratio of -0.14 and a beta of 1.66.

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

Cenntro Company Profile

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.