Smart Powerr Corp. (NASDAQ:CREG) Short Interest Up 440.1% in February

Smart Powerr Corp. (NASDAQ:CREG) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 117,659 shares, an increase of 440.1% from the January 29th total of 21,784 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 42,430 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily volume of 42,430 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.7% of the shares of the stock are sold short.

Smart Powerr Stock Down 1.6%

NASDAQ CREG traded down $0.02 during trading on Wednesday, reaching $1.25. 121,451 shares of the stock traded hands, compared to its average volume of 72,566. Smart Powerr has a fifty-two week low of $0.93 and a fifty-two week high of $14.70. The firm has a market cap of $26.01 million, a price-to-earnings ratio of -0.72 and a beta of 0.37. The stock’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.34.

Hedge Funds Weigh In On Smart Powerr

Several institutional investors have recently modified their holdings of the business. Ground Swell Capital LLC bought a new stake in shares of Smart Powerr during the third quarter worth $35,000. XTX Topco Ltd acquired a new position in shares of Smart Powerr during the 4th quarter worth about $58,000. Finally, DRW Securities LLC grew its stake in Smart Powerr by 58.2% in the fourth quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 32,294 shares in the last quarter. Institutional investors own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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