Short Interest in CN Energy Group. Inc. (NASDAQ:CNEY) Expands By 316.1%

CN Energy Group. Inc. (NASDAQ:CNEY) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 982,747 shares, an increase of 316.1% from the May 14th total of 236,175 shares. Approximately 17.4% of the shares of the company are short sold. Based on an average daily volume of 4,564,406 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of CN Energy Group.

A hedge fund recently bought a new stake in CN Energy Group. stock. Renaissance Technologies LLC acquired a new stake in CN Energy Group. Inc. (NASDAQ:CNEY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 74,391 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned about 1.32% of CN Energy Group. at the end of the most recent reporting period. Institutional investors and hedge funds own 7.64% of the company’s stock.

CN Energy Group. Stock Up 1.5%

NASDAQ:CNEY traded up $0.01 during trading hours on Friday, hitting $0.77. 91,591 shares of the company were exchanged, compared to its average volume of 2,162,966. CN Energy Group. has a 52-week low of $0.31 and a 52-week high of $3.04. The company’s 50 day moving average price is $0.86 and its 200-day moving average price is $0.83.

Analyst Upgrades and Downgrades

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