CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Up 380.6% in July

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,453,768 shares, a growth of 380.6% from the June 30th total of 302,481 shares. Based on an average trading volume of 9,519,258 shares, the days-to-cover ratio is presently 0.2 days. Currently, 25.7% of the company’s stock are short sold.

CN Energy Group. Trading Down 5.2%

Shares of CN Energy Group. stock traded down $0.03 during trading on Monday, hitting $0.55. 75,663 shares of the company’s stock traded hands, compared to its average volume of 2,150,655. CN Energy Group. has a 1 year low of $0.31 and a 1 year high of $2.95. The business has a 50-day simple moving average of $0.86 and a 200-day simple moving average of $0.78.

Hedge Funds Weigh In On CN Energy Group.

A hedge fund recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC purchased a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned about 1.32% of CN Energy Group. as of its most recent SEC filing. Institutional investors and hedge funds own 7.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CN Energy Group. in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.