Smart Powerr Corp. (NASDAQ:CREG) Short Interest Down 66.6% in February

Smart Powerr Corp. (NASDAQ:CREG) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 39,283 shares, a drop of 66.6% from the February 12th total of 117,659 shares. Based on an average daily trading volume, of 69,675 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 69,675 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Smart Powerr

Several hedge funds have recently bought and sold shares of CREG. XTX Topco Ltd purchased a new position in shares of Smart Powerr during the 4th quarter valued at approximately $58,000. DRW Securities LLC boosted its holdings in 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 buying an additional 32,294 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in Smart Powerr during the third quarter worth $35,000. Hedge funds and other institutional investors own 0.22% of the company’s stock.

Smart Powerr Stock Up 4.3%

Shares of CREG stock opened at $1.20 on Wednesday. Smart Powerr has a 52-week low of $0.93 and a 52-week high of $14.70. The stock has a market cap of $24.97 million, a PE ratio of -0.69 and a beta of 0.33. The business has a 50-day simple moving average of $1.26 and a 200-day simple moving average of $1.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smart Powerr in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.