Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Decreases By 30.4%

Smart Powerr Corp. (NASDAQ:CREG) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 21,784 shares, a decline of 30.4% from the January 15th total of 31,286 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 109,568 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 109,568 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Smart Powerr Stock Down 3.2%

CREG traded down $0.04 during trading hours on Friday, hitting $1.20. The stock had a trading volume of 55,270 shares, compared to its average volume of 74,101. The stock has a market cap of $24.97 million, a PE ratio of -0.69 and a beta of 0.37. Smart Powerr has a 1 year low of $0.93 and a 1 year high of $14.70. The company’s fifty day simple moving average is $1.23 and its 200 day simple moving average is $1.36.

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

Institutional Trading of Smart Powerr

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

Wall Street Analyst Weigh In

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

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.