Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Drops By 92.7%

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 361,348 shares, a decrease of 92.7% from the May 14th total of 4,981,417 shares. Based on an average trading volume of 31,745,360 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

CREG has been the subject of several research reports. Wall Street Zen upgraded Smart Powerr to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Smart Powerr in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Smart Powerr

A number of institutional investors have recently made changes to their positions in CREG. XTX Topco Ltd bought a new stake in Smart Powerr during the 4th quarter valued at approximately $58,000. DRW Securities LLC grew its holdings in Smart Powerr by 58.2% in the 4th quarter. DRW Securities LLC now owns 87,775 shares of the business services provider’s stock valued at $117,000 after buying an additional 32,294 shares during the last quarter. Finally, Ground Swell Capital LLC bought a new position in Smart Powerr in the 3rd quarter worth approximately $35,000. 0.22% of the stock is currently owned by institutional investors.

Smart Powerr Trading Down 4.3%

NASDAQ CREG traded down $0.01 during trading on Thursday, hitting $0.22. 930,388 shares of the company traded hands, compared to its average volume of 15,842,218. Smart Powerr has a 12 month low of $0.16 and a 12 month high of $14.70. The business has a fifty day simple moving average of $0.46 and a 200 day simple moving average of $0.90. The company has a market capitalization of $5.05 million, a P/E ratio of -1.15 and a beta of 2.26.

Smart Powerr’s stock is going to reverse split on the morning of Tuesday, June 16th. The 1-10 reverse split was announced on Monday, June 8th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 15th.

Smart Powerr (NASDAQ:CREG) last issued its quarterly earnings data on Friday, May 15th. The business services provider reported ($0.03) EPS for the quarter. Smart Powerr had a negative net margin of 732.00% and a negative return on equity of 1.95%. The company had revenue of $0.11 million for the quarter.

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.