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

CN Energy Group. Inc. (NASDAQ:CNEY) saw 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 daily volume of 5,980,000 shares, the short-interest ratio is presently 0.1 days. Currently, 7.3% of the shares of the company are sold short.

CN Energy Group. Stock Performance

Shares of CNEY stock opened at $0.18 on Friday. The company has a 50 day moving average of $0.25 and a 200-day moving average of $0.38. CN Energy Group. has a 12-month low of $0.16 and a 12-month 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.