Smart Powerr Corp. (NASDAQ:CREG) Short Interest Down 13.2% in January

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 31,286 shares, a drop of 13.2% from the December 31st total of 36,032 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 61,533 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 61,533 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Smart Powerr

An institutional investor recently bought a new position in Smart Powerr stock. Ground Swell Capital LLC bought a new position in Smart Powerr Corp. (NASDAQ:CREG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,088 shares of the business services provider’s stock, valued at approximately $35,000. Ground Swell Capital LLC owned about 1.00% of Smart Powerr as of its most recent filing with the Securities and Exchange Commission. 0.22% of the stock is owned by hedge funds and other institutional investors.

Smart Powerr Trading Down 0.9%

Shares of NASDAQ CREG traded down $0.01 on Tuesday, reaching $1.14. 101 shares of the company traded hands, compared to its average volume of 78,459. Smart Powerr has a fifty-two week low of $0.93 and a fifty-two week high of $14.70. The company has a 50 day moving average of $1.23 and a 200 day moving average of $1.41. The stock has a market capitalization of $23.72 million, a PE ratio of -0.66 and a beta of 0.37.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Smart Powerr in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average 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.