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

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large increase in short interest in 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. Currently, 6.2% of the company’s shares are short sold. Based on an average trading volume of 1,192,802 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CN Energy Group. stock. Susquehanna International Group LLP purchased a new position in shares of CN Energy Group. Inc. (NASDAQ:CNEY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned about 0.40% of CN Energy Group. as of its most recent SEC filing. Institutional investors own 7.64% of the company’s stock.

CN Energy Group. Stock Down 2.8%

CNEY stock traded down $0.02 during midday trading on Friday, reaching $0.76. The company had a trading volume of 180,322 shares, compared to its average volume of 1,533,106. CN Energy Group. has a 1 year low of $0.31 and a 1 year high of $3.38. The company has a 50 day moving average of $0.64 and a two-hundred day moving average of $0.90.

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. 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.