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

CN Energy Group. Inc. (NASDAQ:CNEY) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 705,200 shares, a growth of 1,636.9% from the August 31st total of 40,600 shares. Based on an average trading volume of 6,450,000 shares, the short-interest ratio is currently 0.1 days. Currently, 30.7% of the shares of the company are sold short.

CN Energy Group. Stock Up 20.8 %

Shares of CNEY stock traded up $0.07 during trading hours on Wednesday, reaching $0.43. The stock had a trading volume of 5,345,498 shares, compared to its average volume of 2,555,499. CN Energy Group. has a twelve month low of $0.25 and a twelve month high of $4.05. The firm has a 50-day simple moving average of $0.38 and a 200-day simple moving average of $0.62.

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.