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

Smart Powerr Corp. (NASDAQ:CREG) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,981,417 shares, a growth of 382.6% from the April 30th total of 1,032,214 shares. Based on an average daily volume of 70,818,784 shares, the short-interest ratio is currently 0.1 days. Currently, 25.6% of the company’s shares are sold short.

Smart Powerr Price Performance

Shares of CREG traded up $0.06 during midday trading on Friday, hitting $0.29. The stock had a trading volume of 45,065,308 shares, compared to its average volume of 51,340,804. The company has a 50 day simple moving average of $0.46 and a two-hundred day simple moving average of $0.96. Smart Powerr has a twelve month low of $0.16 and a twelve month high of $14.70. The firm has a market cap of $6.69 million, a price-to-earnings ratio of -1.53 and a beta of 2.50.

Smart Powerr (NASDAQ:CREG) last released 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 during the quarter. Smart Powerr had a negative net margin of 732.00% and a negative return on equity of 1.95%.

Institutional Trading of Smart Powerr

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ground Swell Capital LLC acquired a new stake in shares of Smart Powerr in the third quarter valued at about $35,000. XTX Topco Ltd acquired a new stake in shares of Smart Powerr in the fourth quarter valued at about $58,000. Finally, DRW Securities LLC increased its position in shares of Smart Powerr by 58.2% in the fourth quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 32,294 shares during the last quarter. Institutional investors and hedge funds own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

CREG has been the topic of several recent analyst reports. Wall Street Zen upgraded Smart Powerr to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Smart Powerr in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently 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.