Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Rises By 48.1%

Smart Powerr Corp. (NASDAQ:CREG) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 30,500 shares, a growth of 48.1% from the March 31st total of 20,600 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 33,400 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

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

Smart Powerr Stock Up 1.9 %

NASDAQ:CREG traded up $0.02 during trading hours on Friday, reaching $1.07. The company had a trading volume of 42,719 shares, compared to its average volume of 25,288. Smart Powerr has a twelve month low of $0.99 and a twelve month high of $2.20. The firm has a market cap of $8.52 million, a price-to-earnings ratio of -11.89 and a beta of 0.75. The business’s 50-day simple moving average is $1.34 and its two-hundred day simple moving average is $1.32.

Smart Powerr (NASDAQ:CREG) last issued its earnings results on Thursday, April 11th. The business services provider reported ($0.03) EPS for the quarter.

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.