Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Drops By 6.6%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 22,700 shares, a decline of 6.6% from the January 15th total of 24,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 21,000 shares, the days-to-cover ratio is currently 1.1 days.

Sunrise New Energy Stock Performance

Sunrise New Energy stock traded down $0.05 during mid-day trading on Monday, hitting $1.00. The company had a trading volume of 79,730 shares, compared to its average volume of 9,639. Sunrise New Energy has a 12-month low of $0.53 and a 12-month high of $1.36. The company’s fifty day moving average is $0.87 and its 200-day moving average is $0.93. The company has a current ratio of 0.87, a quick ratio of 0.51 and a debt-to-equity ratio of 0.75.

About Sunrise New Energy

Sunrise New Energy Co, Ltd. engages in the manufacture and sale of graphite anode material for EVs and other lithium-ion batteries. The company also operates a peer-to-peer knowledge sharing and enterprise service platform business. In addition, it offers education consulting, training, tailored, information technology, business incubation, enterprise information technology integration, health, and agricultural technology services, as well as cultural and artistic exchanges and planning, and conference services.