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

Smart Powerr Corp. (NASDAQ:CREG) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 21,100 shares, a growth of 30.2% from the January 31st total of 16,200 shares. Based on an average daily trading volume, of 53,800 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Smart Powerr in a research note on Sunday. They set a “sell” rating on the stock.

Smart Powerr Price Performance

Shares of NASDAQ CREG traded up $0.00 during midday trading on Wednesday, reaching $0.77. 11,621 shares of the company traded hands, compared to its average volume of 61,573. The company has a market cap of $6.78 million, a price-to-earnings ratio of -5.52 and a beta of 0.66. The stock has a 50-day moving average price of $0.70 and a 200 day moving average price of $0.74. Smart Powerr has a 52 week low of $0.53 and a 52 week high of $1.58.

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.