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

CN Energy Group. Inc. (NASDAQ:CNEY) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,512 shares, a decline of 91.0% from the December 31st total of 28,008 shares. Based on an average trading volume of 109,586 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 109,586 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CN Energy Group. in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, CN Energy Group. currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP bought a new position in CN Energy Group. Inc. (NASDAQ:CNEY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned 0.40% of CN Energy Group. as of its most recent SEC filing. 7.64% of the stock is owned by hedge funds and other institutional investors.

CN Energy Group. Stock Up 1.2%

Shares of NASDAQ CNEY traded up $0.01 during trading on Thursday, hitting $0.83. The company had a trading volume of 19,441,974 shares, compared to its average volume of 5,130,711. CN Energy Group. has a 12 month low of $0.31 and a 12 month high of $10.25. The stock has a 50 day simple moving average of $0.81 and a 200 day simple moving average of $1.70.

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.