China Recycling Ener is now down by 5.95% percent from yesterday’s close and is one of the laggers in today’s market. More than 437 shares have changed hands.
Traders are a little more bearish on the company recently as implied by the increase in short interest. The company recorded a rise in short interest of 899.49% between September 29, 2017 and October 13, 2017. Short interest grew 12,323 over that timeframe. Days to cover increased from 0.0 to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. As of quarter end Renaissance Technologies LLC had acquired 6,500 shares growing its position 10.5%. The value of the company’s investment in China Recycling Ener went from $81,000 to $68,000 decreasing 16.0% quarter over quarter. As of the end of the quarter Citadel Advisors LLC had sold a total of 29,799 shares trimming its holdings by 68.8%. The value in dollars increased from $13,000 to $14,000 a change of $1,000 quarter to quarter.
The company’s P/E ratio is N/A and the market cap is 27.51M. In the latest earnings report the EPS was $-0.05 with 8.31M shares currently outstanding.
China Recycling Energy Corporation, launched on October 6, 2001, is involved in the recycling energy business, providing energy savings and recycling products and services. The Company develops waste energy recycling projects for industrial applications in China. The Company offers waste energy recycling systems to companies for use in iron and steel, nonferrous metal, cement, coal and petrochemical plants. The Business’s waste pressure-to-energy solution consists of the blast furnace top gas recovery turbine unit (TRT), a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generate electricity. Its waste heat-to-energy solution consists of heat power generation projects for applications in cement, steel, coking coal and nonferrous metal industries, which collect the residual heat from various manufacturing processes, such as the entrance and exit ends of the cement rotary kilns, to generate electricity. The Business’s waste gas-to-energy solution consists of the waste gas power generation system (WGPG) and the combined cycle power plant (the CCPP)..Advertisement