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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sabby Management LLC acquired a new position in CN Energy Group. during the 1st quarter worth approximately $850,000. Renaissance Technologies LLC lifted its position in shares of CN Energy Group. by 946.9% during the 1st quarter. Renaissance Technologies LLC now owns 250,200 shares of the company’s stock worth $53,000 after buying an additional 226,300 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of CN Energy Group. during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 7.64% of the company’s stock.

CN Energy Group. Trading Down 23.7 %

Shares of CNEY opened at $0.71 on Wednesday. The firm has a 50-day simple moving average of $1.23 and a two-hundred day simple moving average of $2.03. CN Energy Group. has a 1-year low of $0.69 and a 1-year high of $8.04.

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.