Cenntro Inc. (NASDAQ:CENN) Short Interest Up 5.7% in September

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 640,600 shares, an increase of 5.7% from the September 15th total of 605,900 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily volume of 102,500 shares, the days-to-cover ratio is currently 6.2 days.

Cenntro Stock Performance

Shares of CENN stock remained flat at $1.18 during mid-day trading on Thursday. The stock had a trading volume of 56,277 shares, compared to its average volume of 132,077. Cenntro has a one year low of $1.00 and a one year high of $2.60. The stock’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.50.

Cenntro (NASDAQ:CENN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.30) EPS for the quarter. The company had revenue of $8.32 million for 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.