Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Sees Large Decrease in Short Interest

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 78,571 shares, a drop of 26.8% from the February 26th total of 107,403 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 82,524 shares, the days-to-cover ratio is currently 1.0 days.

Sunrise New Energy Price Performance

Sunrise New Energy stock opened at $0.88 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.55 and a current ratio of 0.83. The business has a 50-day simple moving average of $0.81 and a two-hundred day simple moving average of $0.98. Sunrise New Energy has a 52-week low of $0.66 and a 52-week high of $1.86.

Wall Street Analyst Weigh In

EPOW has been the topic of several research reports. Wall Street Zen upgraded shares of Sunrise New Energy to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sunrise New Energy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd purchased a new position in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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. 31.86% of the stock is currently owned by institutional investors.

About Sunrise New Energy

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.