Squarepoint Ops LLC Makes New $59,000 Investment in Cenntro Inc. (NASDAQ:CENN)

Squarepoint Ops LLC purchased a new position in Cenntro Inc. (NASDAQ:CENN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 55,105 shares of the company’s stock, valued at approximately $59,000. Squarepoint Ops LLC owned approximately 0.18% of Cenntro at the end of the most recent quarter.

Separately, Jane Street Group LLC bought a new stake in Cenntro in the fourth quarter worth about $30,000.

Cenntro Trading Up 6.4%

Shares of Cenntro stock opened at $0.98 on Wednesday. The company’s 50-day moving average price is $0.86 and its two-hundred day moving average price is $0.98. Cenntro Inc. has a 52 week low of $0.64 and a 52 week high of $1.95.

Cenntro (NASDAQ:CENN) last posted its quarterly earnings data 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%.

Cenntro 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.