CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Down 81.7% in June

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 180,231 shares, a decrease of 81.7% from the May 31st total of 982,747 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 168,603 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On CN Energy Group.

An institutional investor 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 its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,903 shares of the company’s stock, valued at approximately $28,000. Susquehanna International Group LLP owned approximately 0.40% of CN Energy Group. as of its most recent filing with the Securities and Exchange Commission. 7.64% of the stock is currently owned by institutional investors.

CN Energy Group. Price Performance

NASDAQ:CNEY opened at $0.52 on Friday. The business’s 50-day moving average is $0.92 and its two-hundred day moving average is $0.79. CN Energy Group. has a 12 month low of $0.31 and a 12 month high of $2.95.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CN Energy Group. in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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.