Smart Powerr Corp. (NASDAQ:CREG) Sees Significant Decline in Short Interest

Smart Powerr Corp. (NASDAQ:CREG) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,032,214 shares, a decline of 69.5% from the April 15th total of 3,382,872 shares. Approximately 5.3% of the shares of the company are sold short. Based on an average daily volume of 3,078,192 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Smart Powerr

A number of hedge funds have recently modified their holdings of the stock. Ground Swell Capital LLC purchased a new stake in shares of Smart Powerr in the third quarter worth about $35,000. DRW Securities LLC raised its holdings in Smart Powerr by 58.2% in the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock worth $117,000 after purchasing an additional 32,294 shares during the period. Finally, XTX Topco Ltd acquired a new position in Smart Powerr in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CREG has been the topic of several research analyst reports. Wall Street Zen upgraded Smart Powerr to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Smart Powerr in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Smart Powerr has an average rating of “Sell”.

Smart Powerr Stock Down 33.3%

Shares of CREG traded down $0.24 during mid-day trading on Friday, reaching $0.48. The company had a trading volume of 22,327,134 shares, compared to its average volume of 15,456,920. Smart Powerr has a 52-week low of $0.16 and a 52-week high of $14.70. The stock has a market capitalization of $10.94 million, a P/E ratio of -0.45 and a beta of 2.50. The stock has a 50 day moving average of $0.62 and a two-hundred day moving average of $1.03.

Smart Powerr (NASDAQ:CREG) last issued its earnings results on Friday, May 15th. The business services provider reported ($0.03) EPS for the quarter. Smart Powerr had a negative return on equity of 2.36% and a negative net margin of 1,102.66%.The company had revenue of $0.11 million during the quarter.

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.