Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Down 30.9% in February

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 87,553 shares, a decline of 30.9% from the January 29th total of 126,628 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 282,000 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 282,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the shares of the stock are sold short.

Sunrise New Energy Stock Performance

Shares of Sunrise New Energy stock traded down $0.01 on Monday, reaching $0.81. 66,896 shares of the stock were exchanged, compared to its average volume of 157,654. The business has a fifty day moving average price of $0.89 and a two-hundred day moving average price of $1.00. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 1.55. Sunrise New Energy has a 1-year low of $0.66 and a 1-year high of $1.86.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EPOW. Wall Street Zen raised shares of Sunrise New Energy to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Sunrise New Energy in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sunrise New Energy stock. XTX Topco Ltd purchased a new stake in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned 0.12% of Sunrise New Energy at the end of the most recent reporting period. Hedge funds and other institutional investors own 31.86% of the company’s stock.

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.