Smart Powerr Corp. (NASDAQ:CREG) Sees Large Growth in Short Interest

Smart Powerr Corp. (NASDAQ:CREG) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 6,300 shares, an increase of 117.2% from the December 31st total of 2,900 shares. Based on an average trading volume of 92,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Smart Powerr Price Performance

CREG stock traded down $0.01 during trading on Wednesday, hitting $0.65. The stock had a trading volume of 24,039 shares, compared to its average volume of 63,445. Smart Powerr has a twelve month low of $0.53 and a twelve month high of $2.00. The company’s 50-day moving average price is $0.68 and its two-hundred day moving average price is $0.78. The stock has a market capitalization of $5.66 million, a P/E ratio of -4.61 and a beta of 0.65.

Smart Powerr (NASDAQ:CREG) last issued its quarterly earnings results on Friday, November 8th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Smart Powerr in a report on Wednesday. They set a “sell” rating on the stock.

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.