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2023-02-19 16:42
Cenntro Electric Group Limited (NASDAQ:CENN – Get Rating) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 8,340,000 shares, a decline of 6.7% from the January 15th total of 8,940,000 shares. Approximately 4.9% of the company's stock are sold short. Based on an average trading volume of 6,710,000 shares, the short-interest ratio is presently 1.2 days.
Cenntro Electric Group stock opened at $0.63 on Friday. Cenntro Electric Group has a 12-month low of $0.26 and a 12-month high of $3.00. The firm's fifty day moving average is $0.52 and its 200 day moving average is $0.89.
Get Cenntro Electric Group alerts:Institutional investors have recently modified their holdings of the stock. Knowledge Leaders Capital LLC acquired a new position in shares of Cenntro Electric Group during the 2nd quarter valued at $25,000. Price T Rowe Associates Inc. MD acquired a new position in Cenntro Electric Group during the second quarter worth $27,000. ProShare Advisors LLC acquired a new position in Cenntro Electric Group during the second quarter worth $32,000. Valeo Financial Advisors LLC acquired a new position in Cenntro Electric Group during the second quarter worth $38,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Cenntro Electric Group during the third quarter worth $30,000. Institutional investors and hedge funds own 8.17% of the company's stock.
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Cenntro Electric Group Ltd. is an EV technology company that designs and manufactures electric light and medium duty commercial vehicles. The company's ECVs are designed to serve a variety of corporate and governmental organizations in support of city services, last-mile delivery and other commercial applications.
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