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Selling Your Cenntro Electric Group Limited (NASDAQ: CENN) Stock? Here’s What You Need To Know

Cenntro Electric Group Limited (NASDAQ:CENN) shares, rose in value on Thursday, 06/23/22, with the stock price down by 0.00% to the previous day’s close as strong demand from buyers drove the stock to $1.99.

Actively observing the price movement in the last trading, the stock closed the session at $1.99, falling within a range of $1.90 and $2.025. Referring to stock’s 52-week performance, its high was $14.17, and the low was $1.05. On the whole, CENN has fluctuated by 18.45% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CENN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CENN currently trading nearly 6.76% and 14.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.12, while the 7-day volatility ratio is showing 7.33% which for the 30-day chart, stands at 9.21%. Furthermore, Cenntro Electric Group Limited (CENN)’s beta value is 1.16, and its average true range (ATR) is 0.16.

Data on historical trading for Cenntro Electric Group Limited (NASDAQ:CENN) indicates that the trading volumes over the past 10 days have averaged 4.77 million and over the past 3 months, they’ve averaged 7.43 million. According to company’s latest data on outstanding shares, there are 175.09 million shares outstanding.

Nearly 38.29% of Cenntro Electric Group Limited’s shares belong to company insiders and institutional investors own 2.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.11 million shares as on Apr 28, 2022, resulting in a short ratio of 1.34. According to the data, the short interest in Cenntro Electric Group Limited (CENN) stood at 4.25% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 8.41 million. The stock has fallen by -62.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CENN stock heading into the next quarter.

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