Smart Powerr Corp. (NASDAQ:CREG) Sees Large Increase in Short Interest

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 747,169 shares, an increase of 106.8% from the May 31st total of 361,348 shares. Based on an average daily volume of 3,427,610 shares, the days-to-cover ratio is presently 0.2 days. Currently, 32.2% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CREG shares. Wall Street Zen raised shares of Smart Powerr to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Smart Powerr Price Performance

Smart Powerr stock opened at $2.08 on Thursday. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $7.95. The company has a market cap of $5.71 million, a price-to-earnings ratio of -1.09 and a beta of 2.29. Smart Powerr has a 12 month low of $1.62 and a 12 month high of $26.60.

Smart Powerr (NASDAQ:CREG) last issued its earnings results on Tuesday, March 31st. The business services provider reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $0.09 million for the quarter. Smart Powerr had a negative return on equity of 1.95% and a negative net margin of 732.00%.

Institutional Investors Weigh In On Smart Powerr

An institutional investor recently bought a new position in Smart Powerr stock. XTX Topco Ltd acquired a new position in Smart Powerr Corp. (NASDAQ:CREG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,458 shares of the business services provider’s stock, valued at approximately $58,000. XTX Topco Ltd owned approximately 0.21% of Smart Powerr as of its most recent SEC filing. Institutional investors own 0.22% of the company’s stock.

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.