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

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

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of CN Energy Group.

A hedge fund recently bought a new stake in CN Energy Group. stock. Susquehanna International Group LLP purchased a new position in CN Energy Group. Inc. (NASDAQ:CNEY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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. at the end of the most recent quarter. 7.64% of the stock is currently owned by hedge funds and other institutional investors.

CN Energy Group. Trading Down 2.3%

Shares of CNEY stock traded down $0.02 during mid-day trading on Friday, hitting $1.01. 33,671 shares of the stock were exchanged, compared to its average volume of 2,741,819. CN Energy Group. has a 52-week low of $0.31 and a 52-week high of $7.36. The firm has a fifty day moving average of $0.79 and a 200 day moving average of $1.50.

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.