Short Interest in Cenntro Inc. (NASDAQ:CENN) Drops By 20.4%

Cenntro Inc. (NASDAQ:CENNGet Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 760,800 shares, a decline of 20.4% from the April 30th total of 955,400 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 169,800 shares, the short-interest ratio is presently 4.5 days.

Cenntro Trading Up 1.1 %

CENN traded up $0.02 during trading on Friday, hitting $1.82. The company had a trading volume of 42,881 shares, compared to its average volume of 227,038. Cenntro has a 1-year low of $1.00 and a 1-year high of $5.00. The business has a 50-day moving average of $1.59 and a 200-day moving average of $1.46.

Cenntro (NASDAQ:CENNGet Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.30) EPS for the quarter. The firm had revenue of $3.39 million during the quarter. Cenntro had a negative return on equity of 40.89% and a negative net margin of 238.49%.

About Cenntro

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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.

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