Smart Powerr Corp. (NASDAQ:CREG) Short Interest Up 83.5% in March

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 72,077 shares, an increase of 83.5% from the February 26th total of 39,283 shares. Based on an average daily volume of 55,070 shares, the short-interest ratio is currently 1.3 days. Approximately 0.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Smart Powerr in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Smart Powerr presently has an average rating of “Sell”.

Smart Powerr Stock Up 11.2%

NASDAQ CREG opened at $0.23 on Friday. The company has a market cap of $4.75 million, a PE ratio of -0.13 and a beta of 0.33. Smart Powerr has a 52 week low of $0.19 and a 52 week high of $14.70. The firm’s 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $1.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in Smart Powerr in the 4th quarter valued at approximately $58,000. DRW Securities LLC lifted its position in shares of Smart Powerr by 58.2% during the fourth quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock worth $117,000 after acquiring an additional 32,294 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in shares of Smart Powerr during the third quarter worth $35,000. 0.22% of the stock is owned by institutional investors.

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.