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

Smart Powerr Corp. (NASDAQ:CREG) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 4,981,417 shares, an increase of 382.6% from the April 30th total of 1,032,214 shares. Approximately 25.6% of the shares of the stock are sold short. Based on an average daily volume of 70,818,784 shares, the days-to-cover ratio is presently 0.1 days.

Smart Powerr Stock Performance

Shares of NASDAQ CREG opened at $0.24 on Friday. Smart Powerr has a 52-week low of $0.16 and a 52-week high of $14.70. The firm has a 50 day moving average price of $0.46 and a two-hundred day moving average price of $0.97. The stock has a market cap of $5.40 million, a P/E ratio of -1.24 and a beta of 2.50.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Smart Powerr in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Smart Powerr to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Smart Powerr

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ground Swell Capital LLC acquired a new position in Smart Powerr in the 3rd quarter valued at approximately $35,000. XTX Topco Ltd acquired a new position in Smart Powerr in the 4th quarter valued at approximately $58,000. Finally, DRW Securities LLC increased its position 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 acquiring an additional 32,294 shares during the period. 0.22% of the stock is currently owned by institutional investors and hedge funds.

About Smart Powerr

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.