CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Up 167.5% in December

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 28,008 shares, an increase of 167.5% from the December 15th total of 10,472 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 74,492 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 74,492 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP purchased a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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. Institutional investors and hedge funds own 7.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CN Energy Group. in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CN Energy Group. has an average rating of “Sell”.

CN Energy Group. Stock Down 9.8%

Shares of NASDAQ:CNEY opened at $0.57 on Wednesday. The business has a 50-day moving average of $1.04 and a two-hundred day moving average of $1.86. CN Energy Group. has a fifty-two week low of $0.51 and a fifty-two week high of $10.25.

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.