Short Interest in Cenntro Inc. (NASDAQ:CENN) Grows By 6.6%

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 861,800 shares, an increase of 6.6% from the June 15th total of 808,600 shares. Based on an average daily trading volume, of 157,700 shares, the days-to-cover ratio is currently 5.5 days. Currently, 3.9% of the company’s stock are sold short.

Cenntro Price Performance

Shares of CENN stock traded down $0.01 during trading hours on Thursday, reaching $1.76. 11,523 shares of the company’s stock were exchanged, compared to its average volume of 148,744. Cenntro has a 1 year low of $1.00 and a 1 year high of $4.75. The stock’s fifty day moving average price is $1.72 and its two-hundred day moving average price is $1.51.

Cenntro (NASDAQ:CENN) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.30) earnings per share for the quarter. Cenntro had a negative net margin of 238.49% and a negative return on equity of 40.89%. The firm had revenue of $3.39 million during the quarter.

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.