Cenntro Inc. (NASDAQ:CENN) Stock Short Interest Report for October

Cenntro Inc. (NASDAQ:CENN) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 398,942 shares, a growth of 897.3% from the October 15th total of 40,003 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average daily trading volume, of 934,601 shares, the days-to-cover ratio is currently 0.4 days.

Cenntro Stock Up 44.2%

NASDAQ:CENN traded up $0.06 on Thursday, reaching $0.21. 196,925,555 shares of the stock traded hands, compared to its average volume of 2,779,547. The company’s fifty day simple moving average is $3.12 and its 200 day simple moving average is $4.57. The company has a market capitalization of $3.71 million, a price-to-earnings ratio of -0.01 and a beta of 1.52. Cenntro has a 12 month low of $0.12 and a 12 month high of $12.30. The company has a current ratio of 1.65, a quick ratio of 0.92 and a debt-to-equity ratio of 0.10.

Cenntro (NASDAQ:CENN) last released its quarterly earnings data on Friday, August 14th. The company reported ($4.31) EPS for the quarter. Cenntro had a negative net margin of 424.20% and a negative return on equity of 142.57%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

About Cenntro

Cenntro Electric Group Limited (NASDAQ: CENN) is an electric commercial vehicle company focused on designing, manufacturing and distributing all-electric vehicles for commercial, municipal and last-mile delivery applications. Its product portfolio has included compact cargo vans, utility vehicles and other light commercial vehicles intended for urban transportation, delivery, logistics and service operations. The company’s vehicles are designed for applications such as package delivery, short-distance freight transport, facility maintenance and municipal services.