CN Energy Group. Inc. (NASDAQ:CNEY) Sees Large Decline in Short Interest

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 46,700 shares, a decrease of 7.3% from the March 15th total of 50,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 435,200 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in CN Energy Group. by 946.9% during the first quarter. Renaissance Technologies LLC now owns 250,200 shares of the company’s stock valued at $53,000 after acquiring an additional 226,300 shares during the last quarter. Citadel Advisors LLC bought a new stake in CN Energy Group. during the third quarter valued at about $63,000. Finally, Sabby Management LLC bought a new position in shares of CN Energy Group. in the first quarter worth about $850,000. Hedge funds and other institutional investors own 7.64% of the company’s stock.

CN Energy Group. Price Performance

Shares of CN Energy Group. stock traded down $0.22 during trading on Tuesday, hitting $0.71. 303,497 shares of the stock traded hands, compared to its average volume of 448,052. The firm’s fifty day moving average is $1.24 and its 200-day moving average is $2.05. CN Energy Group. has a 52 week low of $0.69 and a 52 week high of $8.04.

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.