Smart Powerr Corp. (NASDAQ:CREG) Short Interest Update

Smart Powerr Corp. (NASDAQ:CREG) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 3,382,872 shares, a growth of 791.5% from the March 31st total of 379,446 shares. Based on an average daily volume of 49,612,036 shares, the days-to-cover ratio is currently 0.1 days. Currently, 17.4% of the shares of the stock are short sold.

Smart Powerr Trading Up 25.2%

NASDAQ:CREG traded up $0.16 on Friday, hitting $0.80. 2,783,142 shares of the company’s stock traded hands, compared to its average volume of 26,099,374. Smart Powerr has a 1 year low of $0.19 and a 1 year high of $14.70. The firm has a 50-day moving average price of $0.78 and a 200-day moving average price of $1.09. The company has a market cap of $18.39 million, a PE ratio of -0.76 and a beta of 0.70.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Smart Powerr

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

About Smart Powerr

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.