Smart Powerr Corp. (NASDAQ:CREG) Short Interest Down 92.7% in May

Smart Powerr Corp. (NASDAQ:CREG) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 361,348 shares, a decline of 92.7% from the May 14th total of 4,981,417 shares. Based on an average trading volume of 31,745,360 shares, the short-interest ratio is currently 0.0 days. Currently, 1.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On Smart Powerr

Several large investors have recently modified their holdings of the stock. Ground Swell Capital LLC acquired a new stake in Smart Powerr during the third quarter worth about $35,000. XTX Topco Ltd acquired a new stake in Smart Powerr during the fourth quarter worth about $58,000. Finally, DRW Securities LLC grew its stake 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. 0.22% of the stock is owned by institutional investors.

Smart Powerr Stock Down 0.9%

CREG traded down $0.00 during trading hours on Wednesday, hitting $0.22. 1,333,079 shares of the company’s stock were exchanged, compared to its average volume of 15,972,291. The stock’s 50-day moving average is $0.47 and its two-hundred day moving average is $0.91. Smart Powerr has a 1-year low of $0.16 and a 1-year high of $14.70. The stock has a market cap of $5.05 million, a price-to-earnings ratio of -1.15 and a beta of 2.26.

Smart Powerr shares are set to reverse split on Tuesday, June 16th. The 1-10 reverse split was announced on Monday, June 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 15th.

Smart Powerr (NASDAQ:CREG) last posted its quarterly earnings results on Friday, May 15th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $0.11 million for the quarter. Smart Powerr had a negative return on equity of 1.95% and a negative net margin of 732.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on CREG. Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research note on Monday, April 20th. Wall Street Zen upgraded shares of 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.com, Smart Powerr currently has an average 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.