CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Update

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 982,747 shares, a growth of 316.1% from the May 14th total of 236,175 shares. Approximately 17.4% of the company’s shares are short sold. Based on an average daily volume of 4,564,406 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of CN Energy Group.

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

CN Energy Group. Stock Performance

CN Energy Group. stock traded up $0.02 during midday trading on Thursday, reaching $0.82. The stock had a trading volume of 80,517 shares, compared to its average volume of 1,672,368. CN Energy Group. has a 52-week low of $0.31 and a 52-week high of $3.04. The company has a fifty day moving average of $0.85 and a 200 day moving average of $0.84.

Analyst Upgrades and Downgrades

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