Short Interest in Cenntro Inc. (NASDAQ:CENN) Decreases By 30.1%

Cenntro Inc. (NASDAQ:CENN) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 2,751,944 shares, a decrease of 30.1% from the December 31st total of 3,938,632 shares. Currently, 3.7% of the company’s shares are sold short. Based on an average daily volume of 1,382,992 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 1,382,992 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.7% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Cenntro Stock Down 0.6%

Shares of NASDAQ:CENN traded down $0.00 during trading on Friday, reaching $0.15. 1,224,166 shares of the company’s stock traded hands, compared to its average volume of 4,542,456. The firm has a market cap of $13.07 million, a PE ratio of -0.29 and a beta of 1.63. The company has a 50-day simple moving average of $0.16 and a 200-day simple moving average of $0.33. Cenntro has a fifty-two week low of $0.13 and a fifty-two week high of $1.12.

Cenntro Company Profile

Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.