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

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 117,659 shares, a growth of 440.1% from the January 29th total of 21,784 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 42,430 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily trading volume, of 42,430 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On Smart Powerr

Institutional investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC acquired a new position in Smart Powerr in the 3rd quarter valued at approximately $35,000. DRW Securities LLC grew its stake in shares of 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 during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Smart Powerr in the fourth quarter worth $58,000. 0.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Smart Powerr Stock Down 6.5%

Smart Powerr stock traded down $0.08 during trading hours on Friday, hitting $1.16. The stock had a trading volume of 87,893 shares, compared to its average volume of 73,565. The business’s 50 day simple moving average is $1.26 and its 200-day simple moving average is $1.34. Smart Powerr has a one year low of $0.93 and a one year high of $14.70. The stock has a market cap of $24.14 million, a price-to-earnings ratio of -0.67 and a beta of 0.37.

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.