Short Interest in CN Energy Group. Inc. (NASDAQ:CNEY) Drops By 81.5%

CN Energy Group. Inc. (NASDAQ:CNEYGet Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 268,495 shares, a decline of 81.5% from the July 15th total of 1,453,768 shares. Based on an average daily volume of 564,407 shares, the short-interest ratio is currently 0.5 days. Approximately 4.7% of the shares of the company are sold short.

CN Energy Group. Stock Down 0.1%

NASDAQ CNEY opened at $0.64 on Wednesday. The business has a 50-day moving average price of $0.66 and a 200-day moving average price of $0.78. CN Energy Group. has a twelve month low of $0.31 and a twelve month high of $2.95.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC bought a new position in CN Energy Group. Inc. (NASDAQ:CNEYFree Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned approximately 1.32% of CN Energy Group. at the end of the most recent quarter. Institutional investors and hedge funds own 7.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CN Energy Group. in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on CNEY

About CN Energy Group.

(Get Free Report)

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.

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