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

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 113,060 shares, a drop of 80.9% from the January 29th total of 591,357 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 260,486 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 260,486 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.0% of the company’s stock are sold short.

CN Energy Group. Price Performance

Shares of CNEY traded up $0.01 during mid-day trading on Wednesday, hitting $1.01. 73,558 shares of the company’s stock were exchanged, compared to its average volume of 2,873,929. CN Energy Group. has a fifty-two week low of $0.31 and a fifty-two week high of $7.36. The business’s 50 day moving average is $0.77 and its two-hundred day moving average is $1.51.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On CN Energy Group.

An institutional investor recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP acquired a new position in CN Energy Group. Inc. (NASDAQ:CNEY) during the 3rd quarter, according to its most recent 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 approximately 0.40% of CN Energy Group. as of its most recent SEC filing. 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.