Short Interest in Smart Powerr Corp. (NASDAQ:CREG) Decreases By 12.9%

Smart Powerr Corp. (NASDAQ:CREG) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 6,100 shares, a decline of 12.9% from the October 31st total of 7,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 80,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Smart Powerr in a research note on Tuesday, November 26th. They set a “sell” rating on the stock.

Smart Powerr Stock Up 4.1 %

Shares of NASDAQ:CREG traded up $0.03 during midday trading on Tuesday, reaching $0.75. The company’s stock had a trading volume of 78,332 shares, compared to its average volume of 25,232. The business has a 50 day moving average price of $0.74 and a 200 day moving average price of $0.87. Smart Powerr has a 1 year low of $0.63 and a 1 year high of $2.00. The firm has a market cap of $6.58 million, a price-to-earnings ratio of -5.36 and a beta of 0.71.

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.