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. Based on an average daily trading volume, of 4,564,406 shares, the short-interest ratio is presently 0.2 days. Approximately 17.4% of the company’s stock are short sold.
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 purchased a new stake in CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned about 0.40% of CN Energy Group. as of its most recent SEC filing. Institutional investors own 7.64% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CN Energy Group. has an average rating of “Sell”.
CN Energy Group. Trading Up 1.5%
Shares of CN Energy Group. stock opened at $0.77 on Friday. CN Energy Group. has a 52 week low of $0.31 and a 52 week high of $3.04. The firm’s 50 day moving average is $0.86 and its two-hundred day moving average is $0.83.
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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