CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 76,109 shares, a decline of 56.3% from the September 30th total of 174,341 shares. Based on an average daily volume of 751,303 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the company’s shares are sold short.
Institutional Investors Weigh In On CN Energy Group.
A hedge fund recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC acquired a new stake in CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned about 1.32% of CN Energy Group. as of its most recent filing with the Securities and Exchange Commission. 7.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CN Energy Group. in a research report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, CN Energy Group. currently has an average rating of “Sell”.
Get Our Latest Analysis on CNEY
CN Energy Group. Stock Down 7.2%
Shares of NASDAQ:CNEY traded down $0.03 during trading hours on Friday, hitting $0.45. 84,911 shares of the company’s stock traded hands, compared to its average volume of 1,514,232. CN Energy Group. has a 1 year low of $0.31 and a 1 year high of $2.62. The business has a fifty day moving average price of $0.53 and a 200-day moving average price of $0.71.
About CN Energy Group.
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.
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