CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Update

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,453,768 shares, a growth of 380.6% from the June 30th total of 302,481 shares. Currently, 25.7% of the company’s shares are sold short. Based on an average daily trading volume, of 9,519,258 shares, the days-to-cover ratio is currently 0.2 days.

CN Energy Group. Trading Down 18.8%

NASDAQ CNEY traded down $0.13 during mid-day trading on Friday, hitting $0.58. The company’s stock had a trading volume of 726,680 shares, compared to its average volume of 5,459,952. CN Energy Group. has a 52-week low of $0.31 and a 52-week high of $2.95. The stock’s fifty day simple moving average is $0.86 and its two-hundred day simple moving average is $0.78.

Hedge Funds Weigh In On CN Energy Group.

An institutional investor recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC bought a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned approximately 1.32% of CN Energy Group. at the end of the most recent quarter. 7.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CN Energy Group. in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

CN Energy Group. Company Profile

CN Energy Group. Inc, through its subsidiaries, engages in the manufacture and supply of wood-based activated carbon primarily in China. The company’s activated carbon is used in pharmaceutical manufacturing, industrial manufacturing, water purification, environmental protection, and food and beverage production. It also engages in the generation and supply of biomass electricity; production of steam for heating; sale of minerals, stone, metal materials, construction materials, wood, chemical materials and products, rubber products, and paper products; management and conversion of forest and natural ecosystem; and forest acquisition, rights transfer, and nurturing, and timber harvesting and processing activities.