Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Declines By 49.1%

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 14,300 shares, a decrease of 49.1% from the February 28th total of 28,100 shares. Based on an average daily trading volume, of 59,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Smart Powerr in a research report on Wednesday. They issued a “sell” rating for the company.

Smart Powerr Trading Up 4.1 %

Shares of CREG traded up $0.03 during mid-day trading on Friday, reaching $0.73. 33,887 shares of the stock traded hands, compared to its average volume of 53,710. Smart Powerr has a 1 year low of $0.53 and a 1 year high of $1.58. The company has a market cap of $17.85 million, a price-to-earnings ratio of -5.21 and a beta of 0.64. The firm has a fifty day moving average price of $0.70 and a 200 day moving average price of $0.73.

Smart Powerr (NASDAQ:CREG) last posted its earnings results on Friday, March 28th. The business services provider reported ($0.07) EPS for the quarter.

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.