CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Update

CN Energy Group. Inc. (NASDAQ:CNEY) saw 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 short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

CN Energy Group. Price Performance

Shares of CNEY traded down $0.22 during midday trading on Tuesday, hitting $0.71. The company had a trading volume of 296,130 shares, compared to its average volume of 448,023. The company’s 50 day moving average price is $1.24 and its 200 day moving average price is $2.05. CN Energy Group. has a 52 week low of $0.69 and a 52 week high of $8.04.

Institutional Investors Weigh In On CN Energy Group.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of CN Energy Group. by 946.9% in the 1st quarter. Renaissance Technologies LLC now owns 250,200 shares of the company’s stock worth $53,000 after purchasing an additional 226,300 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of CN Energy Group. in the 3rd quarter worth about $63,000. Finally, Sabby Management LLC bought a new stake in shares of CN Energy Group. in the 1st quarter worth about $850,000. Institutional investors own 7.64% of the company’s stock.

CN Energy Group. Company Profile

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.