Cenntro Inc. (NASDAQ:CENN – Get Free Report) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 2,751,944 shares, a decrease of 30.1% from the December 31st total of 3,938,632 shares. Based on an average daily trading volume, of 1,382,992 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.7% of the shares of the company are short sold. Approximately 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,382,992 shares, the days-to-cover ratio is presently 2.0 days.
Cenntro Stock Down 2.9%
Shares of Cenntro stock traded down $0.00 during trading on Monday, hitting $0.14. The stock had a trading volume of 1,580,025 shares, compared to its average volume of 4,483,881. The stock has a 50 day simple moving average of $0.16 and a 200 day simple moving average of $0.33. Cenntro has a 1 year low of $0.13 and a 1 year high of $1.11. The company has a market capitalization of $12.69 million, a PE ratio of -0.28 and a beta of 1.63.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
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.
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