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

CN Energy Group. Inc. (NASDAQ:CNEY) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 24,200 shares, a decline of 78.4% from the October 31st total of 111,800 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 12,610,000 shares, the days-to-cover ratio is currently 0.0 days.

CN Energy Group. Stock Performance

NASDAQ CNEY traded down $0.02 during mid-day trading on Thursday, hitting $0.36. The company’s stock had a trading volume of 457,167 shares, compared to its average volume of 3,834,807. The company’s 50 day simple moving average is $0.52 and its 200 day simple moving average is $0.48. CN Energy Group. has a twelve month low of $0.25 and a twelve month high of $3.60.

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.