CN Energy Group. Inc. (NASDAQ:CNEY – Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 91,618 shares, a decline of 70.0% from the March 15th total of 305,894 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 1,056,453 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Ratings Changes
Separately, Weiss Ratings restated 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, CN Energy Group. has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on CN Energy Group.
Hedge Funds Weigh In On CN Energy Group.
CN Energy Group. Price Performance
CNEY traded down $0.02 during mid-day trading on Monday, reaching $0.46. 51,605 shares of the stock were exchanged, compared to its average volume of 1,861,033. The company has a 50 day moving average price of $0.79 and a two-hundred day moving average price of $1.14. CN Energy Group. has a 1 year low of $0.31 and a 1 year high of $7.36.
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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