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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,520,895 shares, an increase of 1,729.6% from the August 15th total of 83,125 shares. Currently, 10.4% of the company’s shares are short sold. Based on an average daily trading volume, of 8,520,921 shares, the days-to-cover ratio is presently 0.2 days.

Sunrise New Energy Stock Down 7.5%

EPOW traded down $0.03 during trading hours on Thursday, hitting $0.33. 317,516 shares of the stock were exchanged, compared to its average volume of 789,201. The stock has a 50-day simple moving average of $0.48 and a 200-day simple moving average of $0.64. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.48 and a current ratio of 0.72. Sunrise New Energy has a 12 month low of $0.32 and a 12 month high of $1.86.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sunrise New Energy in a research report on Friday, September 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sunrise New Energy has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd acquired a new position in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned about 0.12% of Sunrise New Energy at the end of the most recent reporting period. 31.86% of the stock is currently owned by institutional investors and hedge funds.

Sunrise New Energy Company Profile

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.