Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Grows By 106.8%

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

Smart Powerr Stock Performance

CREG traded down $0.18 during mid-day trading on Tuesday, reaching $1.99. The stock had a trading volume of 78,661 shares, compared to its average volume of 1,559,569. The stock has a market capitalization of $5.46 million, a P/E ratio of -1.04 and a beta of 2.26. The firm’s fifty day simple moving average is $4.10 and its two-hundred day simple moving average is $8.10. Smart Powerr has a 52 week low of $1.62 and a 52 week high of $26.60.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Smart Powerr

An institutional investor recently bought a new position in Smart Powerr stock. XTX Topco Ltd acquired a new stake in Smart Powerr Corp. (NASDAQ:CREG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.22% of the company’s stock.

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.