CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Down 61.9% in September

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 67,400 shares, a drop of 61.9% from the September 15th total of 177,000 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 136,100 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 136,100 shares, the short-interest ratio is currently 0.5 days. Approximately 2.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CN Energy Group. in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

CN Energy Group. Trading Down 2.5%

CN Energy Group. stock opened at $1.98 on Monday. CN Energy Group. has a 52-week low of $1.56 and a 52-week high of $21.61. The company’s 50 day moving average is $2.27 and its two-hundred day moving average is $2.70.

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.