Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Drops By 92.7%

Smart Powerr Corp. (NASDAQ:CREGGet Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 361,348 shares, a decline of 92.7% from the May 14th total of 4,981,417 shares. Based on an average trading volume of 31,745,360 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.9% of the shares of the company are sold short.

Institutional Trading of Smart Powerr

Large investors have recently bought and sold shares of the business. Ground Swell Capital LLC acquired a new stake in Smart Powerr during the 3rd quarter worth about $35,000. XTX Topco Ltd acquired a new stake in Smart Powerr during the 4th quarter worth about $58,000. Finally, DRW Securities LLC increased its holdings 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 worth $117,000 after purchasing an additional 32,294 shares in the last quarter. 0.22% of the stock is currently owned by institutional investors and hedge funds.

Smart Powerr Trading Down 25.5%

NASDAQ CREG traded down $0.08 during trading on Tuesday, reaching $0.22. The company’s stock had a trading volume of 3,477,500 shares, compared to its average volume of 51,788,260. The firm has a market capitalization of $5.10 million, a price-to-earnings ratio of -1.17 and a beta of 2.26. Smart Powerr has a 12 month low of $0.16 and a 12 month high of $14.70. The firm has a 50 day moving average price of $0.47 and a 200 day moving average price of $0.91.

Smart Powerr’s stock is scheduled to reverse split before the market opens on Tuesday, June 16th. The 1-10 reverse split was announced on Monday, June 8th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 15th.

Smart Powerr (NASDAQ:CREGGet Free Report) last announced its quarterly earnings data on Friday, May 15th. The business services provider reported ($0.03) earnings per share for the quarter. Smart Powerr had a negative return on equity of 1.95% and a negative net margin of 732.00%.The business had revenue of $0.11 million for the quarter.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CREG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research report on Monday, April 20th. Wall Street Zen raised shares of Smart Powerr to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Smart Powerr currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on Smart Powerr

About Smart Powerr

(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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