Smart Powerr Corp. (NASDAQ:CREG) Short Interest Up 177.4% in December

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 36,032 shares, an increase of 177.4% from the December 15th total of 12,991 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 86,677 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 86,677 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Smart Powerr

A hedge fund recently bought a new stake in Smart Powerr stock. Ground Swell Capital LLC purchased a new position in Smart Powerr Corp. (NASDAQ:CREG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 29,088 shares of the business services provider’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned about 1.00% of Smart Powerr as of its most recent SEC filing. Institutional investors and hedge funds own 0.22% of the company’s stock.

Smart Powerr Stock Performance

Shares of CREG stock opened at $1.38 on Wednesday. The stock’s fifty day moving average is $1.25 and its 200-day moving average is $1.51. Smart Powerr has a 52 week low of $0.93 and a 52 week high of $14.70. The stock has a market capitalization of $28.72 million, a PE ratio of -0.80 and a beta of 0.27.

Smart Powerr (NASDAQ:CREG) last issued its quarterly earnings results on Thursday, November 13th. The business services provider reported ($0.08) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smart Powerr in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Smart Powerr to a “sell” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Smart Powerr has an average 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.