CN Energy Group. Inc. (NASDAQ:CNEY) Sees Significant Decline in Short Interest

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 143,955 shares, a decline of 42.2% from the August 15th total of 249,166 shares. Based on an average trading volume of 67,971 shares, the short-interest ratio is presently 2.1 days. Approximately 2.5% of the shares of the company are sold short.

Analyst Ratings Changes

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

CN Energy Group. Price Performance

CNEY stock opened at $0.53 on Friday. CN Energy Group. has a twelve month low of $0.31 and a twelve month high of $2.95. The business has a 50 day simple moving average of $0.61 and a 200-day simple moving average of $0.71.

Institutional Trading of CN Energy Group.

An institutional investor recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC purchased a new position in shares of CN Energy Group. Inc. (NASDAQ:CNEY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned 1.32% of CN Energy Group. at the end of the most recent reporting period. 7.64% of the stock is owned by institutional investors.

About CN Energy Group.

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.