CN Energy Group. Inc. (NASDAQ:CNEY) Stock Short Interest Report for October

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 76,109 shares, a drop of 56.3% from the September 30th total of 174,341 shares. Based on an average daily trading volume, of 751,303 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CN Energy Group. in a research note on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

CN Energy Group. Stock Down 7.2%

Shares of CNEY traded down $0.03 during mid-day trading on Friday, hitting $0.45. 84,911 shares of the company’s stock were exchanged, compared to its average volume of 465,553. The stock’s 50-day moving average is $0.53 and its 200-day moving average is $0.71. CN Energy Group. has a fifty-two week low of $0.31 and a fifty-two week high of $2.62.

Hedge Funds Weigh In On CN Energy Group.

An institutional investor recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC purchased a new position in CN Energy Group. Inc. (NASDAQ:CNEY) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned approximately 1.32% of CN Energy Group. as of its most recent SEC filing. Hedge funds and other institutional investors own 7.64% of the company’s stock.

CN Energy Group. Company Profile

CN Energy Group Inc (NASDAQ:CNEY) is a China-based company focused primarily on the production and sale of wood-based activated carbon. Activated carbon is a porous material used to absorb impurities and is commonly applied in water purification, food and beverage processing, pharmaceutical manufacturing, and other industrial applications.

The company also develops and operates biomass-based cogeneration facilities. These facilities use biomass materials to generate electricity and heat, supporting the company’s broader focus on converting forest and agricultural resources into useful energy and industrial products.

CN Energy Group was incorporated in the Cayman Islands and conducts its principal operations through subsidiaries in China.