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

Cenntro Inc. (NASDAQ:CENN) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 701,100 shares, an increase of 8.5% from the January 15th total of 646,100 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average trading volume of 150,700 shares, the short-interest ratio is currently 4.7 days.

Institutional Trading of Cenntro

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Cenntro in the 4th quarter valued at about $30,000. Squarepoint Ops LLC acquired a new position in Cenntro during the fourth quarter worth approximately $59,000. Finally, Geode Capital Management LLC increased its position in Cenntro by 8.1% during the third quarter. Geode Capital Management LLC now owns 277,490 shares of the company’s stock worth $325,000 after buying an additional 20,767 shares during the last quarter.

Cenntro Trading Up 1.3 %

CENN stock opened at $0.99 on Tuesday. The business’s 50-day moving average price is $1.11 and its two-hundred day moving average price is $1.21. Cenntro has a 1-year low of $0.97 and a 1-year high of $2.30.

About Cenntro

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.