Short Interest in Cenntro Inc. (NASDAQ:CENN) Decreases By 44.3%

Cenntro Inc. (NASDAQ:CENN) was the recipient 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 shares of the company are short sold. Based on an average trading volume of 7,873 shares, the days-to-cover ratio is currently 4.8 days.

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its position in Cenntro stock. Geode Capital Management LLC increased its stake in Cenntro Inc. (NASDAQ:CENN) by 250.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 about 1.56% of Cenntro worth $187,000 at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cenntro in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Cenntro Stock Performance

Shares of NASDAQ CENN traded down $0.03 during midday trading on Wednesday, hitting $3.42. The company’s stock had a trading volume of 5,033 shares, compared to its average volume of 28,817. The firm has a market capitalization of $5.03 million, a price-to-earnings ratio of -0.15 and a beta of 1.31. The company has a current ratio of 1.69, a quick ratio of 0.86 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $3.81 and a 200 day moving average price of $5.67. Cenntro has a one year low of $3.07 and a one year high of $39.60.

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.