Smart Powerr Corp. (NASDAQ:CREG) Sees Large Increase in Short Interest

Smart Powerr Corp. (NASDAQ:CREG) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 747,169 shares, an increase of 106.8% from the May 31st total of 361,348 shares. Approximately 32.2% of the company’s stock are sold short. Based on an average daily volume of 3,427,610 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Smart Powerr

An institutional investor recently bought a new position in Smart Powerr stock. XTX Topco Ltd purchased a new position in Smart Powerr Corp. (NASDAQ:CREG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 43,458 shares of the business services provider’s stock, valued at approximately $58,000. XTX Topco Ltd owned approximately 0.21% of Smart Powerr at the end of the most recent reporting period. Institutional investors and hedge funds own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

CREG has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Smart Powerr to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Smart Powerr Stock Performance

Shares of CREG traded up $0.13 during mid-day trading on Wednesday, reaching $2.19. The company had a trading volume of 22,333 shares, compared to its average volume of 1,547,398. The company has a market capitalization of $6.02 million, a price-to-earnings ratio of -1.15 and a beta of 2.26. The firm has a 50-day moving average price of $4.01 and a 200 day moving average price of $8.02. Smart Powerr has a 52 week low of $1.62 and a 52 week high of $26.60.

Smart Powerr (NASDAQ:CREG) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported ($0.30) earnings per share for the quarter. Smart Powerr had a negative net margin of 732.00% and a negative return on equity of 1.95%. The company had revenue of $0.09 million for the quarter.

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.