Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Update

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 83,125 shares, an increase of 123.4% from the July 30th total of 37,202 shares. Based on an average trading volume of 590,991 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.6% of the shares of the company are short sold.

Sunrise New Energy Stock Performance

EPOW stock traded up $0.05 during midday trading on Friday, reaching $0.50. 41,082,461 shares of the company’s stock traded hands, compared to its average volume of 2,942,311. The company has a 50-day moving average price of $0.52 and a two-hundred day moving average price of $0.67. Sunrise New Energy has a 52 week low of $0.35 and a 52 week high of $1.86. The company has a current ratio of 0.72, a quick ratio of 0.48 and a debt-to-equity ratio of 2.50.

Institutional Trading of Sunrise New Energy

A hedge fund recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd bought a new stake in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.12% of Sunrise New Energy as of its most recent SEC filing. 31.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Sunrise New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Sunrise New Energy presently has a consensus rating of “Sell”.

About Sunrise New Energy

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.