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

CN Energy Group. Inc. (NASDAQ:CNEY) saw a significant decline in short interest in 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. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 435,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of CN Energy Group.

Hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in shares of CN Energy Group. in the third quarter valued at about $63,000. Renaissance Technologies LLC lifted its position 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, Sabby Management LLC purchased a new position in shares of CN Energy Group. in the first quarter valued at about $850,000. Institutional investors own 7.64% of the company’s stock.

CN Energy Group. Stock Down 23.7 %

Shares of CNEY opened at $0.71 on Wednesday. CN Energy Group. has a one year low of $0.69 and a one year high of $8.04. The business has a fifty day moving average of $1.23 and a 200 day moving average of $2.03.

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.