Smart Powerr Corp. (NASDAQ:CREG) Sees Significant Drop in Short Interest

Smart Powerr Corp. (NASDAQ:CREG) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 116,600 shares, a drop of 36.1% from the August 15th total of 182,400 shares. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is presently 0.1 days. Approximately 4.7% of the shares of the company are short sold. Approximately 4.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is presently 0.1 days.

Smart Powerr Stock Performance

Shares of NASDAQ:CREG opened at $1.57 on Wednesday. The company has a market capitalization of $4.58 million, a PE ratio of -0.81 and a beta of 0.79. The stock has a fifty day moving average of $1.69 and a 200-day moving average of $4.38. Smart Powerr has a one year low of $1.11 and a one year high of $14.70.

Smart Powerr (NASDAQ:CREG) last issued its earnings results on Thursday, August 14th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.06 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on shares of Smart Powerr in a research note on Wednesday, May 21st. They set a “sell” rating for the company.

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.