CN Energy Group. Inc. (NASDAQ:CNEY) Short Interest Down 70.7% in March

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 50,400 shares, a decline of 70.7% from the February 29th total of 172,200 shares. Based on an average daily trading volume, of 477,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CNEY. Sabby Management LLC purchased a new stake in shares of CN Energy Group. in the 1st quarter worth about $850,000. Citadel Advisors LLC purchased a new stake in shares of CN Energy Group. in the 3rd quarter worth about $63,000. Finally, Renaissance Technologies LLC grew 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 buying an additional 226,300 shares during the period. 7.64% of the stock is owned by hedge funds and other institutional investors.

CN Energy Group. Stock Up 5.0 %

CN Energy Group. stock traded up $0.05 during mid-day trading on Thursday, reaching $1.06. 59,194 shares of the company traded hands, compared to its average volume of 459,247. The firm’s 50 day moving average price is $1.34 and its 200 day moving average price is $2.28. CN Energy Group. has a 52-week low of $0.95 and a 52-week high of $8.93.

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.