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

Smart Powerr Corp. (NASDAQ:CREG) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 14,300 shares, a drop of 49.1% from the February 28th total of 28,100 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,000 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Smart Powerr in a research note on Wednesday. They set a “sell” rating on the stock.

Smart Powerr Price Performance

Smart Powerr stock traded up $0.01 during trading hours on Friday, hitting $0.71. The stock had a trading volume of 38,729 shares, compared to its average volume of 53,525. Smart Powerr has a 1-year low of $0.53 and a 1-year high of $1.58. The stock has a market capitalization of $17.39 million, a price-to-earnings ratio of -5.07 and a beta of 0.64. The stock’s fifty day moving average is $0.70 and its two-hundred day moving average is $0.72.

Smart Powerr (NASDAQ:CREG) last released its quarterly earnings data on Friday, March 28th. The business services provider reported ($0.07) EPS for the quarter.

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.