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

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

CN Energy Group. Trading Down 2.2%

CNEY stock traded down $0.01 during mid-day trading on Thursday, hitting $0.61. 38,264 shares of the company were exchanged, compared to its average volume of 1,980,361. CN Energy Group. has a 1-year low of $0.31 and a 1-year high of $2.95. The business has a 50 day simple moving average of $0.65 and a 200-day simple moving average of $0.79.

Institutional Trading of CN Energy Group.

An institutional investor recently bought a new stake in CN Energy Group. stock. Susquehanna International Group LLP acquired a new stake in CN Energy Group. Inc. (NASDAQ:CNEYFree Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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. at the end of the most recent reporting period. Institutional investors own 7.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on CN Energy Group.

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.

Further Reading

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