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

CN Energy Group. Inc. (NASDAQ:CNEY) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 591,357 shares, an increase of 23,441.3% from the January 15th total of 2,512 shares. Based on an average daily volume of 9,945,672 shares, the days-to-cover ratio is currently 0.1 days. Approximately 10.4% of the company’s shares are short sold. Approximately 10.4% of the company’s shares are short sold. Based on an average daily volume of 9,945,672 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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

CN Energy Group. Trading Down 4.8%

CNEY opened at $1.00 on Wednesday. CN Energy Group. has a twelve month low of $0.31 and a twelve month high of $10.25. The company has a fifty day moving average of $0.73 and a 200-day moving average of $1.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP acquired a new stake in CN Energy Group. Inc. (NASDAQ:CNEY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned 0.40% of CN Energy Group. at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.64% of the company’s stock.

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.