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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 760,700 shares, an increase of 6,084.6% from the September 15th total of 12,300 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 5.5% of the company’s stock are sold short. Approximately 5.5% of the company’s stock are sold short. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sunrise New Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Sunrise New Energy Stock Performance

Shares of Sunrise New Energy stock opened at $1.23 on Friday. Sunrise New Energy has a 12-month low of $0.70 and a 12-month high of $1.86. The business’s 50 day moving average is $1.01 and its 200-day moving average is $0.97.

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.