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

Smart Powerr Corp. (NASDAQ:CREG) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 361,348 shares, a decrease 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 days-to-cover ratio is presently 0.0 days. Approximately 1.9% of the company’s shares are short sold.

Smart Powerr Stock Performance

NASDAQ CREG traded down $0.08 during trading on Tuesday, hitting $0.22. The stock had a trading volume of 3,477,500 shares, compared to its average volume of 51,788,260. The company has a market capitalization of $5.10 million, a PE ratio of -1.17 and a beta of 2.26. The company’s 50-day moving average price is $0.47 and its two-hundred day moving average price is $0.91. Smart Powerr has a 12 month low of $0.16 and a 12 month high of $14.70.

Shares of Smart Powerr are scheduled to reverse split before the market opens 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 market closes on Monday, June 15th.

Smart Powerr (NASDAQ:CREG) last released its earnings results on Friday, May 15th. The business services provider reported ($0.03) earnings per share for the quarter. The business 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

Several institutional investors and hedge funds have recently bought and sold shares of CREG. Ground Swell Capital LLC bought a new stake in Smart Powerr during the third quarter worth about $35,000. XTX Topco Ltd bought a new stake in shares of Smart Powerr in the 4th quarter valued at about $58,000. Finally, DRW Securities LLC raised its holdings in shares of Smart Powerr by 58.2% in the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 32,294 shares during the period. Institutional investors own 0.22% of the company’s stock.

Analysts Set New Price Targets

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

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.