Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Sees Large Drop in Short Interest

Sunrise New Energy Co., Ltd. (NASDAQ:EPOWGet Free Report) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 107,528 shares, a decrease of 48.2% from the November 30th total of 207,635 shares. Based on an average daily trading volume, of 443,671 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 443,671 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EPOW shares. Wall Street Zen raised shares of Sunrise New Energy to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of Sunrise New Energy in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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Sunrise New Energy Trading Down 3.3%

EPOW traded down $0.03 on Monday, hitting $0.96. 143,703 shares of the company were exchanged, compared to its average volume of 516,611. The firm has a 50-day moving average price of $1.10 and a two-hundred day moving average price of $1.02. Sunrise New Energy has a twelve month low of $0.76 and a twelve month high of $1.86.

Sunrise New Energy Company Profile

(Get Free Report)

Sunrise New Energy Technologies, Inc (NASDAQ: EPOW) is a Delaware-based holding company focused on the development, manufacturing and sale of advanced energy solutions. Through its operating subsidiaries, the company provides battery systems, energy storage modules and power management software designed to support electric vehicles, renewable energy integration and portable power applications. Its offerings include lithium-ion battery packs, battery management systems (BMS) and turnkey energy storage solutions suitable for residential, commercial and industrial use.

The company’s product lineup is engineered to deliver high energy density, long cycle life and robust safety features.

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