Short Interest in CN Energy Group. Inc. (NASDAQ:CNEY) Declines By 81.7%

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 180,231 shares, a drop of 81.7% from the May 31st total of 982,747 shares. Based on an average daily trading volume, of 168,603 shares, the short-interest ratio is presently 1.1 days. Approximately 3.2% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC acquired a new position in CN Energy Group. Inc. (NASDAQ:CNEY) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned 1.32% of CN Energy Group. as of its most recent filing with the Securities & Exchange Commission. 7.64% of the stock is owned by hedge funds and other institutional investors.

CN Energy Group. Stock Performance

CN Energy Group. stock traded down $0.10 on Friday, hitting $0.42. 6,716,190 shares of the stock traded hands, compared to its average volume of 519,182. CN Energy Group. has a 1 year low of $0.31 and a 1 year high of $2.95. The business’s fifty day simple moving average is $0.91 and its 200 day simple moving average is $0.79.

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.