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

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 88,500 shares, a drop of 81.6% from the February 28th total of 479,800 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 3,210,000 shares, the days-to-cover ratio is presently 0.0 days.

CN Energy Group. Price Performance

CNEY traded up $0.01 on Wednesday, hitting $0.15. The company had a trading volume of 696,133 shares, compared to its average volume of 5,002,930. The stock has a fifty day moving average price of $0.22 and a 200-day moving average price of $0.37. CN Energy Group. has a 12-month low of $0.14 and a 12-month high of $1.60.

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.