Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Grows By 5,100.0%

Smart Powerr Corp. (NASDAQ:CREG) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 5,200 shares, a growth of 5,100.0% from the June 15th total of 100 shares. Based on an average trading volume of 36,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Smart Powerr in a research report on Saturday. They set a “sell” rating for the company.

Smart Powerr Stock Performance

Shares of Smart Powerr stock opened at $1.03 on Friday. Smart Powerr has a 52-week low of $0.80 and a 52-week high of $2.00. The stock’s 50-day simple moving average is $1.00 and its 200 day simple moving average is $1.26. The stock has a market capitalization of $8.64 million, a P/E ratio of -9.36 and a beta of 0.64.

Smart Powerr (NASDAQ:CREG) last posted its earnings results on Tuesday, May 14th. The business services provider reported ($0.03) earnings per share 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.