Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Increases By 177.4%

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 36,032 shares, a growth of 177.4% from the December 15th total of 12,991 shares. Based on an average daily trading volume, of 86,677 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 86,677 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Smart Powerr

A hedge fund recently bought a new stake in Smart Powerr stock. Ground Swell Capital LLC purchased a new stake in Smart Powerr Corp. (NASDAQ:CREG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 29,088 shares of the business services provider’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned 1.00% of Smart Powerr as of its most recent filing with the SEC. 0.22% of the stock is currently owned by institutional investors and hedge funds.

Smart Powerr Trading Up 0.4%

Smart Powerr stock traded up $0.01 during midday trading on Thursday, hitting $1.38. 2,259 shares of the stock were exchanged, compared to its average volume of 51,318. The stock’s 50-day simple moving average is $1.26 and its 200 day simple moving average is $1.51. Smart Powerr has a fifty-two week low of $0.93 and a fifty-two week high of $14.70. The stock has a market capitalization of $28.61 million, a price-to-earnings ratio of -0.79 and a beta of 0.27.

Smart Powerr (NASDAQ:CREG) last posted its quarterly earnings results on Thursday, November 13th. The business services provider reported ($0.08) earnings per share for the quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Smart Powerr to a “sell” rating in a research note on Friday, September 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Smart Powerr in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Smart Powerr has a consensus 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.