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

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a significant decline in short interest in the month of 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 59,000 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Smart Powerr in a research note on Wednesday. They set a “sell” rating for the company.

Smart Powerr Price Performance

Shares of CREG traded up $0.01 during trading hours on Friday, hitting $0.71. The company’s stock had a trading volume of 38,729 shares, compared to its average volume of 53,525. The company has a market cap of $17.39 million, a price-to-earnings ratio of -5.07 and a beta of 0.64. The business has a 50 day simple moving average of $0.70 and a two-hundred day simple moving average of $0.72. Smart Powerr has a 52-week low of $0.53 and a 52-week high of $1.58.

Smart Powerr (NASDAQ:CREG) last issued its earnings results on Friday, March 28th. The business services provider reported ($0.07) earnings per share (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 problems.