China Recycling Energy Corporat (NASDAQ:CREG) Stock Closed 11.6% Above Its 50 Day Average

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The stock last traded at $1.25 much higher than the 50 day moving average which is $1.12 and which is slightly below the 200 day moving average of $1.33. The 50 day moving average went up $0.13 or +11.98% and the 200 day average was down $-0.08. Trading volume for China Recycling Energy Corporat was 2,452 on Tuesday. Volume was down 76.70% under the stocks average daily volume.

Traders are more bullish of late as implied by the downtick in short interest. The stock saw a fall in short interest of -77.54% as of the latest report on September 29, 2017. Short interest fell 4,731 over that period. With short interest at 1,370 and short average daily volume at 14,359, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.00% as of September 29.

These funds have shifted positions in (CREG). Citadel Advisors LLC downsized its investment by selling 12,602 shares a decrease of 22.5%. Citadel Advisors LLC currently owns 43,314 shares with a value of $13,000. The total value of its holdings decreased 35.0%.

The P/E ratio is currently 78.12 and the market cap of the company is 10.39M.

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)..