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

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 350,517 shares, an increase of 250.7% from the April 15th total of 99,944 shares. Based on an average daily trading volume, of 1,192,802 shares, the short-interest ratio is currently 0.3 days. Approximately 6.2% of the company’s shares are short sold.

Institutional Trading of CN Energy Group.

A hedge fund recently bought a new stake in CN Energy Group. stock. Susquehanna International Group LLP bought a new stake in CN Energy Group. Inc. (NASDAQ:CNEY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned about 0.40% of CN Energy Group. at the end of the most recent quarter. 7.64% of the stock is owned by hedge funds and other institutional investors.

CN Energy Group. Stock Performance

NASDAQ CNEY traded down $0.01 during trading on Thursday, hitting $0.74. The stock had a trading volume of 39,595 shares, compared to its average volume of 1,546,219. The firm has a 50 day moving average price of $0.65 and a 200 day moving average price of $0.91. CN Energy Group. has a twelve month low of $0.31 and a twelve month high of $4.05.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CN Energy Group. currently has a consensus 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.