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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 107,403 shares, a growth of 22.7% from the February 12th total of 87,553 shares. Based on an average trading volume of 88,431 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 88,431 shares, the days-to-cover ratio is presently 1.2 days.

Sunrise New Energy Price Performance

Shares of NASDAQ EPOW remained flat at $0.70 during mid-day trading on Tuesday. 116,400 shares of the company were exchanged, compared to its average volume of 141,970. Sunrise New Energy has a fifty-two week low of $0.66 and a fifty-two week high of $1.86. The company has a fifty day moving average of $0.83 and a two-hundred day moving average of $0.99. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.83 and a quick ratio of 0.55.

Institutional Trading of Sunrise New Energy

An institutional investor recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd acquired a new stake in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in 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 quarter. Institutional investors and hedge funds own 31.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EPOW. Weiss Ratings reissued a “sell (e+)” rating on shares of Sunrise New Energy in a research report on Monday, December 29th. Wall Street Zen raised shares of Sunrise New Energy to a “hold” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.