CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 982,747 shares, a growth of 316.1% from the May 14th total of 236,175 shares. Currently, 17.4% of the company’s shares are short sold. Based on an average daily volume of 4,564,406 shares, the short-interest ratio is currently 0.2 days.
CN Energy Group. Stock Up 2.4%
NASDAQ:CNEY traded up $0.02 during mid-day trading on Thursday, reaching $0.82. The company’s stock had a trading volume of 80,517 shares, compared to its average volume of 1,672,368. CN Energy Group. has a 1 year low of $0.31 and a 1 year high of $3.04. The stock has a fifty day moving average of $0.85 and a 200-day moving average of $0.84.
Hedge Funds Weigh In On CN Energy Group.
A hedge fund recently bought a new stake in CN Energy Group. stock. Susquehanna International Group LLP acquired a new position in 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 Securities & Exchange Commission. The fund 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. as of its most recent SEC filing. Institutional investors and hedge funds own 7.64% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on CN Energy Group.
CN Energy Group. Company Profile
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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