CN Energy Group. Inc. (NASDAQ:CNEY) Sees Significant Growth in Short Interest

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 479,800 shares, an increase of 230.7% from the February 13th total of 145,100 shares. Based on an average trading volume of 5,980,000 shares, the short-interest ratio is currently 0.1 days. Currently, 7.3% of the shares of the stock are sold short.

CN Energy Group. Trading Up 1.9 %

CNEY stock traded up $0.00 during midday trading on Friday, reaching $0.18. 196,511 shares of the company’s stock traded hands, compared to its average volume of 3,979,865. The company has a 50-day simple moving average of $0.25 and a two-hundred day simple moving average of $0.38. CN Energy Group. has a 1-year low of $0.16 and a 1-year high of $1.60.

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.