Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Increases By 355.6%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 12,300 shares, a growth of 355.6% from the August 31st total of 2,700 shares. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is presently 0.7 days.

Sunrise New Energy Trading Up 0.8%

Shares of NASDAQ:EPOW opened at $1.33 on Friday. Sunrise New Energy has a 1 year low of $0.70 and a 1 year high of $1.86. The firm has a fifty day moving average price of $0.94 and a 200 day moving average price of $0.95.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrise New Energy in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sunrise New Energy currently has a consensus rating of “Sell”.

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.