Smart Powerr Corp. (NASDAQ:CREG) Short Interest Down 69.5% in April

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

Smart Powerr Price Performance

Shares of CREG stock opened at $0.25 on Wednesday. The company has a market capitalization of $5.83 million, a price-to-earnings ratio of -0.24 and a beta of 2.50. Smart Powerr has a one year low of $0.16 and a one year high of $14.70. The company’s fifty day moving average price is $0.65 and its 200-day moving average price is $1.04.

Smart Powerr (NASDAQ:CREGGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported ($0.03) EPS for the quarter. The firm had revenue of $0.09 million for the quarter. Smart Powerr had a negative net margin of 1,102.66% and a negative return on equity of 2.36%.

Institutional Trading of Smart Powerr

Several institutional investors and hedge funds have recently modified their holdings of CREG. Ground Swell Capital LLC bought a new stake in Smart Powerr in the 3rd quarter valued at $35,000. DRW Securities LLC increased 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 valued at $117,000 after acquiring an additional 32,294 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Smart Powerr in the 4th quarter valued at $58,000. 0.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Read Our Latest Report on CREG

Smart Powerr Company Profile

(Get Free Report)

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.

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