Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Up 30.1% in December

Sunrise New Energy Co., Ltd. (NASDAQ:EPOWGet Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 139,937 shares, a growth of 30.1% from the December 15th total of 107,528 shares. Based on an average daily trading volume, of 154,766 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.0% of the shares of the company are sold short. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 154,766 shares, the days-to-cover ratio is currently 0.9 days.

Analysts Set New Price Targets

EPOW has been the subject of a number of analyst reports. Wall Street Zen raised Sunrise New Energy to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Sunrise New Energy in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Check Out Our Latest Report on Sunrise New Energy

Sunrise New Energy Stock Performance

Shares of Sunrise New Energy stock opened at $0.92 on Tuesday. Sunrise New Energy has a 12 month low of $0.76 and a 12 month high of $1.86. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.83 and a quick ratio of 0.55. The business has a fifty day simple moving average of $1.05 and a two-hundred day simple moving average of $1.02.

About Sunrise New Energy

(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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