CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,453,768 shares, a growth of 380.6% from the June 30th total of 302,481 shares. Currently, 25.7% of the shares of the stock are short sold. Based on an average trading volume of 9,519,258 shares, the short-interest ratio is presently 0.2 days.
CN Energy Group. Stock Performance
NASDAQ:CNEY traded down $0.13 during mid-day trading on Friday, reaching $0.58. The stock had a trading volume of 726,680 shares, compared to its average volume of 5,459,952. CN Energy Group. has a 12 month low of $0.31 and a 12 month high of $2.95. The stock has a 50-day simple moving average of $0.86 and a two-hundred day simple moving average of $0.78.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Institutional Investors Weigh In On CN Energy Group.
An institutional investor recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP purchased a new position in shares of CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned approximately 0.40% of CN Energy Group. as of its most recent filing with the SEC. 7.64% of the stock is currently owned by institutional investors and hedge funds.
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.
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