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

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 180,231 shares, a drop of 81.7% from the May 31st total of 982,747 shares. Based on an average daily trading volume, of 168,603 shares, the days-to-cover ratio is presently 1.1 days. Currently, 3.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CN Energy Group. in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

CN Energy Group. Trading Down 19.3%

Shares of NASDAQ CNEY traded down $0.10 during midday trading on Friday, hitting $0.42. The company’s stock had a trading volume of 6,716,190 shares, compared to its average volume of 519,182. The firm’s fifty day moving average price is $0.91 and its 200-day moving average price is $0.79. CN Energy Group. has a 1-year low of $0.31 and a 1-year high of $2.95.

Hedge Funds Weigh In On CN Energy Group.

A hedge fund recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC purchased a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned 1.32% of CN Energy Group. as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.