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

Smart Powerr Corp. (NASDAQ:CREG) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 7,000 shares, a decline of 44.9% from the October 15th total of 12,700 shares. Based on an average daily trading volume, of 78,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Smart Powerr Price Performance

NASDAQ CREG remained flat at $0.69 during mid-day trading on Wednesday. The company’s stock had a trading volume of 22,234 shares, compared to its average volume of 49,749. Smart Powerr has a 12-month low of $0.63 and a 12-month high of $2.00. The firm’s fifty day simple moving average is $0.79 and its two-hundred day simple moving average is $0.91.

Smart Powerr (NASDAQ:CREG) last issued its quarterly earnings results on Wednesday, August 14th. The business services provider reported ($0.05) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Smart Powerr in a report on Sunday. 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.