Cenntro Electric Group Limited (NASDAQ:CENN – Get Rating) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 6,920,000 shares, a decrease of 8.9% from the November 30th total of 7,600,000 shares. Based on an average daily trading volume, of 3,960,000 shares, the short-interest ratio is currently 1.7 days. Approximately 4.1% of the shares of the company are sold short.

Cenntro Electric Group Stock Performance

Shares of CENN stock traded down $0.02 during trading hours on Thursday, reaching $0.39. 40,708 shares of the company's stock were exchanged, compared to its average volume of 11,090,998. The company's 50 day moving average is $0.65 and its two-hundred day moving average is $1.12. Cenntro Electric Group has a 1 year low of $0.26 and a 1 year high of $5.10.

Institutional Investors Weigh In On Cenntro Electric Group

Institutional investors and hedge funds have recently modified their holdings of the company. Knowledge Leaders Capital LLC acquired a new stake in shares of Cenntro Electric Group in the 2nd quarter worth approximately $25,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Cenntro Electric Group in the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Cenntro Electric Group in the 3rd quarter worth $30,000. ProShare Advisors LLC purchased a new position in shares of Cenntro Electric Group in the 2nd quarter worth $32,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Cenntro Electric Group in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 8.17% of the company's stock.

Cenntro Electric Group Company Profile

Cenntro Electric Group Limited designs and manufactures electric light and medium-duty commercial vehicles in Europe, North America, and Asia. It serves corporate and governmental organizations. The company was formerly known as Naked Brand Group Limited and changed its name to Cenntro Electric Group Limited in December 2021.

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