CN Energy Group. Inc. (NASDAQ:CNEY) Sees Large Decline in Short Interest

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 46,700 shares, a decline of 7.3% from the March 15th total of 50,400 shares. Based on an average daily volume of 435,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

CN Energy Group. Stock Down 23.7 %

Shares of CNEY stock traded down $0.22 during trading hours on Tuesday, reaching $0.71. 303,497 shares of the company’s stock were exchanged, compared to its average volume of 448,052. CN Energy Group. has a fifty-two week low of $0.69 and a fifty-two week high of $8.04. The business has a fifty day moving average price of $1.24 and a 200-day moving average price of $2.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CNEY. Sabby Management LLC acquired a new position in shares of CN Energy Group. during the 1st quarter worth $850,000. Renaissance Technologies LLC grew its holdings in shares of CN Energy Group. by 946.9% in the first quarter. Renaissance Technologies LLC now owns 250,200 shares of the company’s stock valued at $53,000 after acquiring an additional 226,300 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in CN Energy Group. during the third quarter valued at $63,000. 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.