Cenntro Inc. (NASDAQ:CENN) Short Interest Update

Cenntro Inc. (NASDAQ:CENN) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 4,612,862 shares, an increase of 67.6% from the January 15th total of 2,751,944 shares. Approximately 6.3% of the shares of the stock are short sold. Based on an average trading volume of 7,638,598 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 7,638,598 shares, the short-interest ratio is currently 0.6 days. Approximately 6.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Renaissance Technologies LLC grew its position in shares of Cenntro Inc. (NASDAQ:CENN) by 238.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,458 shares of the company’s stock after purchasing an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned approximately 0.36% of Cenntro worth $43,000 as of its most recent SEC filing.

Cenntro Price Performance

Shares of Cenntro stock opened at $0.13 on Friday. The company has a 50 day simple moving average of $0.15 and a two-hundred day simple moving average of $0.30. The firm has a market cap of $11.16 million, a PE ratio of -0.25 and a beta of 1.63. Cenntro has a 1 year low of $0.12 and a 1 year high of $1.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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.