CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Up 74.9% in February

CN Energy Group. Inc. (NASDAQ:CNEY) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 197,765 shares, a growth of 74.9% from the February 12th total of 113,060 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average trading volume of 133,974 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 133,974 shares, the short-interest ratio is currently 1.5 days. Approximately 3.5% of the company’s stock are short sold.

CN Energy Group. Trading Down 0.7%

CNEY traded down $0.01 during trading on Friday, hitting $1.01. The company had a trading volume of 1,023,113 shares, compared to its average volume of 2,289,221. CN Energy Group. has a 1-year low of $0.31 and a 1-year high of $7.36. The business has a 50-day moving average of $0.87 and a 200-day moving average of $1.42.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CN Energy Group. in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors 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 position in shares of CN Energy Group. Inc. (NASDAQ:CNEY) during the 3rd quarter, according to the company in its most recent disclosure 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 about 0.40% of CN Energy Group. as of its most recent filing with the Securities and Exchange Commission (SEC). 7.64% of the stock is currently owned by institutional investors.

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.