Short Interest in Cenntro Inc. (NASDAQ:CENN) Expands By 8.5%

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

Hedge Funds Weigh In On Cenntro

Several large investors have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in shares of Cenntro in the 4th quarter valued at $59,000. Jane Street Group LLC acquired a new stake in shares of Cenntro in the fourth quarter valued at about $30,000. Finally, Geode Capital Management LLC raised its position in shares of Cenntro by 8.1% in the third quarter. Geode Capital Management LLC now owns 277,490 shares of the company’s stock valued at $325,000 after buying an additional 20,767 shares during the last quarter.

Cenntro Stock Up 0.3 %

CENN stock opened at $0.99 on Tuesday. The firm’s fifty day simple moving average is $1.11 and its 200-day simple moving average is $1.21. Cenntro has a 12 month low of $0.97 and a 12 month high of $2.30.

Cenntro Company 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.