Cenntro Inc. (NASDAQ:CENN) Sees Large Increase in Short Interest

Cenntro Inc. (NASDAQ:CENN) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 56,304 shares, a growth of 48.8% from the July 15th total of 37,826 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average trading volume of 5,162 shares, the days-to-cover ratio is currently 10.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC grew its position in shares of Cenntro Inc. (NASDAQ:CENN) by 250.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,371,391 shares of the company’s stock after buying an additional 980,466 shares during the quarter. Geode Capital Management LLC owned 1.56% of Cenntro worth $187,000 as of its most recent filing with the SEC.

Cenntro Stock Up 2.5%

CENN opened at $3.63 on Thursday. The business has a 50 day moving average price of $3.52 and a two-hundred day moving average price of $5.01. The company has a quick ratio of 0.86, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.34 million, a PE ratio of -0.25 and a beta of 1.33. Cenntro has a 52 week low of $3.07 and a 52 week high of $39.60.

Cenntro (NASDAQ:CENN) last announced its earnings results on Friday, August 14th. The company reported ($4.31) earnings per share for the quarter. Cenntro had a negative net margin of 424.20% and a negative return on equity of 142.57%.

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.