CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Up 380.6% in July

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,453,768 shares, an increase of 380.6% from the June 30th total of 302,481 shares. Based on an average trading volume of 9,519,258 shares, the short-interest ratio is currently 0.2 days. Currently, 25.7% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CN Energy Group. in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CN Energy Group. presently has an average rating of “Sell”.

CN Energy Group. Trading Down 18.8%

CNEY stock traded down $0.13 during midday trading on Friday, reaching $0.58. 726,680 shares of the stock were exchanged, compared to its average volume of 5,459,952. CN Energy Group. has a 52 week low of $0.31 and a 52 week high of $2.95. The company has a fifty day moving average price of $0.86 and a 200 day moving average price of $0.78.

Institutional Trading of CN Energy Group.

An institutional investor recently bought a new position in CN Energy Group. stock. Renaissance Technologies LLC acquired a new stake in CN Energy Group. Inc. (NASDAQ:CNEY) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned 1.32% of CN Energy Group. at the end of the most recent reporting period. Institutional investors and hedge funds own 7.64% of the company’s stock.

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.