Smart Powerr Corp. (NASDAQ:CREG) Short Interest Up 83.5% in March

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 72,077 shares, an increase of 83.5% from the February 26th total of 39,283 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 55,070 shares, the short-interest ratio is presently 1.3 days.

Smart Powerr Stock Performance

Shares of CREG opened at $0.22 on Friday. The company has a market capitalization of $4.66 million, a PE ratio of -0.13 and a beta of 0.33. The company’s 50 day moving average price is $1.07 and its 200 day moving average price is $1.25. Smart Powerr has a 52 week low of $0.19 and a 52 week high of $14.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Smart Powerr in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Smart Powerr

Hedge funds have recently modified their holdings of the stock. Ground Swell Capital LLC purchased a new stake in shares of Smart Powerr during the third quarter worth $35,000. XTX Topco Ltd acquired a new stake in Smart Powerr during the fourth quarter valued at $58,000. Finally, DRW Securities LLC grew its stake 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 valued at $117,000 after purchasing an additional 32,294 shares in the last quarter. 0.22% of the stock is owned by institutional investors and hedge funds.

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.