Smart Powerr Corp. (NASDAQ:CREG) Short Interest Up 791.5% in April

Smart Powerr Corp. (NASDAQ:CREG) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 3,382,872 shares, an increase of 791.5% from the March 31st total of 379,446 shares. Approximately 17.4% of the company’s stock are sold short. Based on an average daily volume of 49,612,036 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

Smart Powerr Price Performance

Smart Powerr stock traded up $0.16 during mid-day trading on Friday, reaching $0.80. The stock had a trading volume of 2,783,142 shares, compared to its average volume of 8,264,622. The company has a market capitalization of $18.39 million, a price-to-earnings ratio of -0.76 and a beta of 0.70. The company has a 50-day moving average price of $0.78 and a two-hundred day moving average price of $1.10. Smart Powerr has a one year low of $0.19 and a one year high of $14.70.

Smart Powerr (NASDAQ:CREG) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported ($0.03) earnings per share (EPS) for the quarter. Smart Powerr had a negative return on equity of 2.36% and a negative net margin of 1,102.66%.The firm had revenue of $0.09 million during the quarter.

Hedge Funds Weigh In On Smart Powerr

A number of hedge funds have recently bought and sold shares of CREG. Ground Swell Capital LLC purchased a new position in Smart Powerr in the 3rd quarter worth about $35,000. XTX Topco Ltd purchased a new position in Smart Powerr in the 4th quarter worth about $58,000. Finally, DRW Securities LLC raised its position in Smart Powerr by 58.2% in the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock worth $117,000 after buying an additional 32,294 shares during the last quarter. Hedge funds and other institutional investors own 0.22% of the company’s stock.

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.