China Recycling Energy Co. (NASDAQ:CREG) Short Interest Up 108.3% in December

China Recycling Energy Co. (NASDAQ:CREG) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 20,000 shares, an increase of 108.3% from the December 15th total of 9,600 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 72,600 shares, the short-interest ratio is presently 0.3 days.

A hedge fund recently bought a new stake in China Recycling Energy stock. Morgan Stanley bought a new position in China Recycling Energy Co. (NASDAQ:CREG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,127 shares of the business services provider’s stock, valued at approximately $49,000. Morgan Stanley owned 0.12% of China Recycling Energy as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.79% of the company’s stock.

Shares of NASDAQ:CREG opened at $6.86 on Friday. The company’s 50 day moving average is $5.46 and its two-hundred day moving average is $6.48. China Recycling Energy has a 52 week low of $3.69 and a 52 week high of $14.39.

About China Recycling Energy

China Recycling Energy Corp. engages in the provision of energy savings and recycling products and services. It offers waste energy recycling projects for industrial applications and develops Build-Operate-Transfer model to provide energy saving and recovery facilities for multiple energy intensive industries in China.

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