Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Grows By 117.2%

Smart Powerr Corp. (NASDAQ:CREG) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 6,300 shares, an increase of 117.2% from the December 15th total of 2,900 shares. Based on an average daily volume of 92,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Smart Powerr Price Performance

CREG stock traded up $0.01 during midday trading on Thursday, hitting $0.64. 25,491 shares of the stock traded hands, compared to its average volume of 86,379. The stock’s fifty day simple moving average is $0.70 and its 200-day simple moving average is $0.81. Smart Powerr has a 1-year low of $0.53 and a 1-year high of $2.00. The firm has a market cap of $5.59 million, a P/E ratio of -4.55 and a beta of 0.65.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Smart Powerr in a report on Monday. 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.