CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Down 80.9% in February

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 113,060 shares, a decline of 80.9% from the January 29th total of 591,357 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 260,486 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 260,486 shares, the short-interest ratio is presently 0.4 days. Approximately 2.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CN Energy Group. in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

CN Energy Group. Stock Up 1.0%

CN Energy Group. stock opened at $1.01 on Thursday. The firm’s fifty day moving average price is $0.78 and its 200 day moving average price is $1.51. CN Energy Group. has a 12-month low of $0.31 and a 12-month high of $7.36.

Institutional Inflows and Outflows

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) in the third quarter, according to the company in its most recent Form 13F 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 7.64% of the company’s stock.

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.