Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Rises By 65.0%

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 23,600 shares, an increase of 65.0% from the March 15th total of 14,300 shares. Based on an average daily trading volume, of 68,100 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Smart Powerr in a research note on Friday, April 11th. They issued a “sell” rating on the stock.

Smart Powerr Trading Up 1.8 %

Shares of NASDAQ CREG traded up $0.01 during midday trading on Thursday, hitting $0.63. 37,675 shares of the company’s stock were exchanged, compared to its average volume of 58,475. Smart Powerr has a 12-month low of $0.49 and a 12-month high of $1.42. The business’s fifty day moving average price is $0.68 and its two-hundred day moving average price is $0.70. The company has a market cap of $15.45 million, a price-to-earnings ratio of -4.51 and a beta of 0.80.

Smart Powerr (NASDAQ:CREG) last posted its quarterly 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.