CN Energy Group. Inc. (NASDAQ:CNEY) Sees Large Growth in Short Interest

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 350,517 shares, an increase of 250.7% from the April 15th total of 99,944 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,192,802 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On CN Energy Group.

An institutional investor recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC bought a new position in CN Energy Group. Inc. (NASDAQ:CNEY) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 hedge funds and other institutional investors.

CN Energy Group. Stock Performance

CNEY traded down $0.02 during trading on Friday, reaching $0.76. The stock had a trading volume of 184,972 shares, compared to its average volume of 680,708. CN Energy Group. has a 1-year low of $0.31 and a 1-year high of $3.38. The stock has a 50 day moving average of $0.63 and a two-hundred day moving average of $0.90.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CN Energy Group. in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently 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.