CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 268,495 shares, a decrease of 81.5% from the July 15th total of 1,453,768 shares. Based on an average daily volume of 564,407 shares, the days-to-cover ratio is currently 0.5 days. Currently, 4.7% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CN Energy Group. in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CN Energy Group. has an average rating of “Sell”.
View Our Latest Stock Analysis on CN Energy Group.
CN Energy Group. Trading Down 0.1%
Institutional Trading of CN Energy Group.
A hedge fund recently bought a new position in CN Energy Group. stock. Susquehanna International Group LLP purchased a new position 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 firm purchased 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned 0.40% of CN Energy Group. at the end of the most recent quarter. 7.64% of the stock is owned by institutional investors and hedge funds.
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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