CN Energy Group. Inc. (NASDAQ:CNEY) Stock Short Interest Report for October

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 76,109 shares, a decline of 56.3% from the September 30th total of 174,341 shares. Based on an average daily volume of 751,303 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.3% of the company’s shares are sold short.

Hedge Funds Weigh In On 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 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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. at the end of the most recent quarter. Institutional investors own 7.64% of the company’s stock.

CN Energy Group. Stock Down 7.2%

Shares of NASDAQ CNEY traded down $0.03 during midday trading on Friday, hitting $0.45. The stock had a trading volume of 84,911 shares, compared to its average volume of 1,514,232. CN Energy Group. has a fifty-two week low of $0.31 and a fifty-two week high of $2.62. The company’s 50-day simple moving average is $0.53 and its 200 day simple moving average is $0.71.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CN Energy Group. in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About CN Energy Group.

CN Energy Group Inc (NASDAQ:CNEY) is a China-based company focused primarily on the production and sale of wood-based activated carbon. Activated carbon is a porous material used to absorb impurities and is commonly applied in water purification, food and beverage processing, pharmaceutical manufacturing, and other industrial applications.

The company also develops and operates biomass-based cogeneration facilities. These facilities use biomass materials to generate electricity and heat, supporting the company’s broader focus on converting forest and agricultural resources into useful energy and industrial products.

CN Energy Group was incorporated in the Cayman Islands and conducts its principal operations through subsidiaries in China.