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

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 28,100 shares, an increase of 33.2% from the February 13th total of 21,100 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 59,200 shares, the days-to-cover ratio is presently 0.5 days.

Smart Powerr Stock Performance

Shares of NASDAQ:CREG traded up $0.02 during midday trading on Tuesday, hitting $0.71. The company’s stock had a trading volume of 3,673 shares, compared to its average volume of 56,076. The business’s 50 day simple moving average is $0.69 and its 200 day simple moving average is $0.73. The company has a market cap of $17.29 million, a P/E ratio of -5.04 and a beta of 0.64. Smart Powerr has a 12-month low of $0.53 and a 12-month high of $1.58.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Smart Powerr in a research note on Tuesday. They issued 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.