Cenntro Inc. (NASDAQ:CENN) Short Interest Down 7.1% in August

Cenntro Inc. (NASDAQ:CENN) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 634,700 shares, a decrease of 7.1% from the August 15th total of 683,300 shares. Approximately 2.9% of the company’s shares are sold short. Based on an average daily volume of 119,600 shares, the short-interest ratio is presently 5.3 days.

Cenntro Trading Down 2.5 %

Shares of CENN traded down $0.03 during midday trading on Tuesday, hitting $1.17. 112,367 shares of the stock were exchanged, compared to its average volume of 139,352. Cenntro has a 52-week low of $1.00 and a 52-week high of $2.76. The stock has a fifty day simple moving average of $1.44 and a 200 day simple moving average of $1.54.

Cenntro (NASDAQ:CENN) last released its earnings results on Tuesday, August 13th. The company reported ($0.30) earnings per share for the quarter. The firm had revenue of $8.32 million during the quarter. Cenntro had a negative net margin of 182.41% and a negative return on equity of 40.46%.

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.