Smart Powerr Corp. (NASDAQ:CREG) Short Interest Update

Smart Powerr Corp. (NASDAQ:CREG) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 747,169 shares, a growth of 106.8% from the May 31st total of 361,348 shares. Based on an average daily volume of 3,427,610 shares, the days-to-cover ratio is currently 0.2 days. Currently, 32.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Smart Powerr

An institutional investor recently bought a new position in Smart Powerr stock. XTX Topco Ltd bought a new stake in Smart Powerr Corp. (NASDAQ:CREG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43,458 shares of the business services provider’s stock, valued at approximately $58,000. XTX Topco Ltd owned about 0.21% of Smart Powerr at the end of the most recent quarter. Institutional investors and hedge funds own 0.22% of the company’s stock.

Smart Powerr Price Performance

CREG traded down $0.18 on Tuesday, hitting $1.99. The company had a trading volume of 78,661 shares, compared to its average volume of 1,559,569. The stock has a market cap of $5.46 million, a price-to-earnings ratio of -1.04 and a beta of 2.26. The company’s fifty day moving average price is $4.10 and its 200 day moving average price is $8.10. Smart Powerr has a 1-year low of $1.62 and a 1-year high of $26.60.

Smart Powerr (NASDAQ:CREG) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported ($0.30) earnings per share for the quarter. The firm had revenue of $0.09 million during the quarter. Smart Powerr had a negative return on equity of 1.95% and a negative net margin of 732.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CREG. Wall Street Zen raised Smart Powerr to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Smart Powerr in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average 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.