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

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 379,446 shares, an increase of 426.4% from the March 15th total of 72,077 shares. Based on an average trading volume of 9,679,413 shares, the short-interest ratio is currently 0.0 days. Currently, 2.0% of the company’s shares are short sold.

Smart Powerr Stock Performance

CREG opened at $0.63 on Monday. The stock’s 50-day moving average price is $0.89 and its 200 day moving average price is $1.15. Smart Powerr has a 12-month low of $0.19 and a 12-month high of $14.70. The firm has a market cap of $14.50 million, a price-to-earnings ratio of -0.60 and a beta of 0.70.

Smart Powerr (NASDAQ:CREG) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported ($0.03) earnings per share for the quarter. Smart Powerr had a negative return on equity of 2.36% and a negative net margin of 1,102.66%.The company had revenue of $0.09 million for the quarter.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Smart Powerr

Several large investors have recently bought and sold shares of the stock. Ground Swell Capital LLC purchased a new stake in Smart Powerr during the 3rd quarter worth about $35,000. DRW Securities LLC increased its holdings in Smart Powerr by 58.2% during the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock worth $117,000 after purchasing an additional 32,294 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Smart Powerr during the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 0.22% of the company’s stock.

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.