Smart Powerr Corp. (NASDAQ:CREG) Short Interest Up 791.5% in April

Smart Powerr Corp. (NASDAQ:CREG) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 3,382,872 shares, an increase of 791.5% from the March 31st total of 379,446 shares. Based on an average daily volume of 49,612,036 shares, the short-interest ratio is presently 0.1 days. Currently, 17.4% of the company’s stock are short sold.

Smart Powerr Trading Up 25.2%

Shares of NASDAQ:CREG opened at $0.80 on Friday. The company’s 50 day moving average is $0.78 and its two-hundred day moving average is $1.10. The company has a market cap of $18.39 million, a PE ratio of -0.76 and a beta of 0.70. Smart Powerr has a 52 week low of $0.19 and a 52 week high of $14.70.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of Smart Powerr in the 4th quarter valued at $58,000. DRW Securities LLC grew its position in shares of Smart Powerr by 58.2% in the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock valued at $117,000 after buying an additional 32,294 shares during the last quarter. Finally, Ground Swell Capital LLC purchased a new position in shares of Smart Powerr in the 3rd quarter valued at $35,000. 0.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.