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

Smart Powerr Corp. (NASDAQ:CREG) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 84,323 shares, a decrease of 88.7% from the June 15th total of 747,169 shares. Based on an average daily volume of 1,499,749 shares, the short-interest ratio is presently 0.1 days. Currently, 3.6% of the company’s stock are short sold.

Smart Powerr Stock Up 4.0%

Shares of NASDAQ CREG traded up $0.07 during mid-day trading on Friday, reaching $1.80. 107,899 shares of the company were exchanged, compared to its average volume of 1,479,751. The stock has a market capitalization of $4.95 million, a P/E ratio of -0.95 and a beta of 2.29. The company’s 50-day simple moving average is $3.26 and its 200-day simple moving average is $7.60. Smart Powerr has a twelve month low of $1.62 and a twelve month high of $26.60.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Smart Powerr

An institutional investor recently bought a new position in Smart Powerr stock. XTX Topco Ltd purchased a new stake in Smart Powerr Corp. (NASDAQ:CREG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 43,458 shares of the business services provider’s stock, valued at approximately $58,000. XTX Topco Ltd owned 0.21% of Smart Powerr at the end of the most recent reporting period. 0.22% of the stock is currently owned by 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.