Cenntro Electric Group Limited (NASDAQ:CENN – Get Rating) was the target of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 10,840,000 shares, a growth of 56.6% from the December 15th total of 6,920,000 shares. Based on an average daily volume of 5,350,000 shares, the short-interest ratio is presently 2.0 days. Approximately 6.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Cenntro Electric Group

Several hedge funds have recently modified their holdings of CENN. Knowledge Leaders Capital LLC bought a new stake in shares of Cenntro Electric Group in the second quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD bought a new position in Cenntro Electric Group in the second quarter worth $27,000. Allspring Global Investments Holdings LLC bought a new position in Cenntro Electric Group in the third quarter worth $30,000. ProShare Advisors LLC bought a new position in Cenntro Electric Group in the second quarter worth $32,000. Finally, Valeo Financial Advisors LLC bought a new position in Cenntro Electric Group in the second quarter worth $38,000. 8.17% of the stock is owned by institutional investors.

Cenntro Electric Group Price Performance

NASDAQ:CENN traded down $0.06 during mid-day trading on Thursday, hitting $0.51. 5,469,671 shares of the company's stock traded hands, compared to its average volume of 5,466,172. The firm has a 50 day moving average of $0.55 and a two-hundred day moving average of $1.03. Cenntro Electric Group has a 12 month low of $0.26 and a 12 month high of $3.00.

About Cenntro Electric Group

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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