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

CN Energy Group. Inc. (NASDAQ:CNEY) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 197,765 shares, an increase of 74.9% from the February 12th total of 113,060 shares. Based on an average trading volume of 133,974 shares, the days-to-cover ratio is presently 1.5 days. Currently, 3.5% of the company’s shares are short sold. Currently, 3.5% of the company’s shares are short sold. Based on an average trading volume of 133,974 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CN Energy Group. has a consensus rating of “Sell”.

CN Energy Group. Stock Performance

Shares of NASDAQ:CNEY traded down $0.01 during midday trading on Friday, hitting $1.01. 1,023,113 shares of the company’s stock traded hands, compared to its average volume of 2,289,221. The firm’s fifty day moving average price is $0.87 and its two-hundred day moving average price is $1.42. CN Energy Group. has a twelve month low of $0.31 and a twelve month high of $7.36.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP purchased a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned approximately 0.40% 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. 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.