It is currently trading at $1.19 which is a tad above $1.12, the stock’s 50 day moving average and marginally under the 200 day moving average of $1.32. The 50 day moving average was up by +5.96% and the 200 day average was down $-0.13. Trading was light with 38K shares changing hands on Tuesday. Volume was down 17.09% under the stocks average daily volume.
Traders are feeling more bearish on shares of the company lately as inferred by the change in short interest. The company had a rise in short interest of 899.49% as of October 13, 2017 from the last reporting period. Short shares grew from 1,370 to 13,693 over that timeframe. With short interest at 13,693 and short average daily volume at 10,308, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.00% as of October 13.
These firms have modified their investment in CREG. Citadel Advisors LLC divested its stake by selling 12,602 shares a decrease of 22.5% from 12/31/2015 to 03/31/2016. Citadel Advisors LLC claims 43,314 shares worth $13,000. The total value of its holdings decreased 35.0%.
The most current P/E ratio is 74.38 and the market value is 9.89M.
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