Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Declines By 30.4%

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 21,784 shares, a decrease of 30.4% from the January 15th total of 31,286 shares. Based on an average daily trading volume, of 109,568 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 109,568 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Smart Powerr

A hedge fund recently bought a new stake in Smart Powerr stock. Ground Swell Capital LLC purchased a new stake in Smart Powerr Corp. (NASDAQ:CREG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,088 shares of the business services provider’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned 1.00% of Smart Powerr at the end of the most recent reporting period. 0.22% of the stock is owned by institutional investors and hedge funds.

Smart Powerr Price Performance

Shares of NASDAQ CREG opened at $1.20 on Monday. The stock has a market capitalization of $24.97 million, a PE ratio of -0.69 and a beta of 0.37. The business’s fifty day moving average price is $1.23 and its 200-day moving average price is $1.35. Smart Powerr has a one year low of $0.93 and a one year high of $14.70.

Smart Powerr (NASDAQ:CREG) last posted its quarterly earnings results on Thursday, November 13th. The business services provider reported ($0.08) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Smart Powerr presently has a consensus 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.