Smart Powerr Corp. (NASDAQ:CREG) Short Interest Up 440.1% in February

Smart Powerr Corp. (NASDAQ:CREG) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 117,659 shares, an increase of 440.1% from the January 29th total of 21,784 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 42,430 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 42,430 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.7% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smart Powerr in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Smart Powerr

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CREG. Ground Swell Capital LLC acquired a new position in Smart Powerr during the 3rd quarter worth $35,000. XTX Topco Ltd purchased a new position in shares of Smart Powerr in the 4th quarter valued at about $58,000. Finally, DRW Securities LLC boosted its stake 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 buying an additional 32,294 shares during the period. Hedge funds and other institutional investors own 0.22% of the company’s stock.

Smart Powerr Price Performance

Shares of Smart Powerr stock opened at $1.25 on Thursday. The stock has a market capitalization of $26.01 million, a price-to-earnings ratio of -0.72 and a beta of 0.37. The business has a 50-day moving average of $1.25 and a 200 day moving average of $1.34. Smart Powerr has a 12 month low of $0.93 and a 12 month high of $14.70.

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.