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. 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. 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.

Sunrise New Energy Price Performance

Shares of EPOW opened at $0.68 on Monday. The stock has a 50 day moving average of $0.84 and a 200 day moving average of $0.99. Sunrise New Energy has a 12 month low of $0.66 and a 12 month high of $1.86. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 1.55.

Institutional Investors Weigh In On Sunrise New Energy

An institutional investor recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd bought a new position in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Sunrise New Energy to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Sunrise New Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.