Smart Powerr Corp. (NASDAQ:CREG) Sees Significant Drop in Short Interest

Smart Powerr Corp. (NASDAQ:CREG) saw a large decrease in short interest during 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 trading volume of 59,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Smart Powerr Stock Performance

CREG traded up $0.03 during mid-day trading on Friday, reaching $0.73. 33,887 shares of the stock were exchanged, 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 stock has a market capitalization of $17.85 million, a PE ratio of -5.21 and a beta of 0.64. The company has a 50 day moving average price of $0.70 and a two-hundred day moving average price of $0.73.

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on Smart Powerr in a research note on Wednesday. They issued a “sell” rating for the company.

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.