China Recycling Energy Co. (NASDAQ:CREG) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 13,200 shares, a decline of 70.6% from the April 30th total of 44,900 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 431,200 shares, the days-to-cover ratio is presently 0.0 days.
Shares of CREG stock traded down $0.02 during midday trading on Wednesday, reaching $0.39. 117,300 shares of the company traded hands, compared to its average volume of 499,562. The business’s 50 day moving average price is $0.42. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.02. China Recycling Energy has a 1-year low of $0.34 and a 1-year high of $2.60.
China Recycling Energy (NASDAQ:CREG) last issued its quarterly earnings results on Monday, May 20th. The business services provider reported ($0.06) earnings per share for the quarter.
China Recycling Energy Company Profile
China Recycling Energy Corporation engages in the recycling energy business in China. It designs, finances, constructs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses. The company offers waste pressure-to-energy solutions, including the blast furnace top gas recovery turbine unit, a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generates electricity; and waste heat-to-energy solutions, such as heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes.
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