CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 143,955 shares, a drop of 42.2% from the August 15th total of 249,166 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,971 shares, the short-interest ratio is currently 2.1 days.
Hedge Funds Weigh In On CN Energy Group.
An institutional investor recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC bought a new stake in shares of CN Energy Group. Inc. (NASDAQ:CNEY – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned 1.32% of CN Energy Group. as of its most recent SEC filing. Hedge funds and other institutional investors own 7.64% of the company’s stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated 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, the company currently has a consensus rating of “Sell”.
CN Energy Group. Stock Down 0.8%
Shares of NASDAQ CNEY opened at $0.52 on Thursday. CN Energy Group. has a 12 month low of $0.31 and a 12 month high of $2.95. The business has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.71.
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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