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

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 12,991 shares, a decrease of 59.1% from the November 30th total of 31,743 shares. Based on an average daily volume of 44,564 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 44,564 shares, the short-interest ratio is currently 0.3 days.

Smart Powerr Stock Performance

CREG traded up $0.20 on Friday, reaching $1.36. The company had a trading volume of 94,662 shares, compared to its average volume of 47,504. Smart Powerr has a 52-week low of $0.93 and a 52-week high of $14.70. The company has a market cap of $28.30 million, a price-to-earnings ratio of -0.79 and a beta of 0.28. The business has a 50 day simple moving average of $1.22 and a 200 day simple moving average of $1.70.

Smart Powerr (NASDAQ:CREG) last issued its quarterly earnings results on Thursday, November 13th. The business services provider reported ($0.08) EPS for the quarter.

Institutional Investors Weigh In On Smart Powerr

A hedge fund recently bought a new stake in Smart Powerr stock. Ground Swell Capital LLC acquired a new stake in shares of Smart Powerr Corp. (NASDAQ:CREG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,088 shares of the business services provider’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned about 1.00% of Smart Powerr at the end of the most recent quarter. 0.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Smart Powerr to a “sell” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Sell rating, Based on 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.