Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Drops By 49.1%

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 14,300 shares, a decline of 49.1% from the February 28th total of 28,100 shares. Based on an average daily volume of 59,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Smart Powerr Trading Up 1.4 %

Shares of NASDAQ CREG traded up $0.01 during midday trading on Friday, hitting $0.71. 38,729 shares of the company’s stock were exchanged, compared to its average volume of 53,525. The business’s fifty day moving average price is $0.70 and its two-hundred day moving average price is $0.72. The company has a market cap of $17.39 million, a price-to-earnings ratio of -5.07 and a beta of 0.64. Smart Powerr has a 12-month low of $0.53 and a 12-month high of $1.58.

Smart Powerr (NASDAQ:CREG) last released its quarterly earnings results on Friday, March 28th. The business services provider reported ($0.07) EPS for the quarter.

Wall Street Analysts Forecast Growth

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

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.