Smart Powerr Corp. (NASDAQ:CREG) Sees Significant Decline in Short Interest

Smart Powerr Corp. (NASDAQ:CREG) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,032,214 shares, a decline of 69.5% from the April 15th total of 3,382,872 shares. Currently, 5.3% of the company’s shares are sold short. Based on an average daily trading volume, of 3,078,192 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

A number of brokerages have recently commented on CREG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smart Powerr in a research report on Monday, April 20th. Wall Street Zen upgraded Smart Powerr to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Smart Powerr has a consensus rating of “Sell”.

Hedge Funds Weigh In On Smart Powerr

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DRW Securities LLC raised its stake in Smart Powerr by 58.2% in the fourth quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock worth $117,000 after buying an additional 32,294 shares in the last quarter. XTX Topco Ltd purchased a new stake in Smart Powerr during the fourth quarter worth $58,000. Finally, Ground Swell Capital LLC bought a new stake in Smart Powerr during the 3rd quarter valued at $35,000. 0.22% of the stock is currently owned by institutional investors.

Smart Powerr Trading Up 255.0%

Shares of Smart Powerr stock traded up $0.51 during trading on Thursday, hitting $0.71. 517,567,567 shares of the stock traded hands, compared to its average volume of 15,335,125. The stock’s fifty day simple moving average is $0.63 and its 200 day simple moving average is $1.03. The firm has a market cap of $16.30 million, a P/E ratio of -0.67 and a beta of 2.50. Smart Powerr has a 52-week low of $0.16 and a 52-week high of $14.70.

Smart Powerr (NASDAQ:CREG) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported ($0.03) earnings per share for the quarter. The business had revenue of $0.09 million during the quarter. Smart Powerr had a negative return on equity of 2.36% and a negative net margin of 1,102.66%.

Smart Powerr Company Profile

Smart Powerr Corp. engages in the waste energy recycling business in China. The company provides energy saving and recovery facilities for various energy intensive industries; waste energy recycling systems for use in nonferrous metal plants; and clean-technology and energy-efficient solutions to reduce air pollution and energy shortage problems. It also designs, finances, constructs, and installs the waste energy recycling project to mid to large-size enterprises involved in high energy-consuming businesses; and provides project investment, investment management, economic information consulting, technical, financial leasing, and financial leasing transactions and consulting services; purchases, repairs, and disposes financial leasing assets; sells and leases energy saving systems and equipment.