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

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 143,955 shares, a decline of 42.2% from the August 15th total of 249,166 shares. Based on an average trading volume of 67,971 shares, the short-interest ratio is presently 2.1 days. Currently, 2.5% of the shares of the company are short sold.

CN Energy Group. Price Performance

NASDAQ CNEY traded down $0.01 on Wednesday, reaching $0.53. 174,547 shares of the stock were exchanged, compared to its average volume of 1,731,787. CN Energy Group. has a one year low of $0.31 and a one year high of $2.95. The company’s 50-day simple moving average is $0.60 and its two-hundred day simple moving average is $0.72.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC purchased a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned 1.32% of CN Energy Group. as of its most recent SEC filing. 7.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.