Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Drops By 45.0%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 13,100 shares, a decrease of 45.0% from the February 13th total of 23,800 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 15,800 shares, the days-to-cover ratio is presently 0.8 days.

Sunrise New Energy Price Performance

EPOW stock remained flat at $0.87 during trading on Friday. The company had a trading volume of 113,048 shares, compared to its average volume of 389,754. The company has a quick ratio of 0.51, a current ratio of 0.87 and a debt-to-equity ratio of 0.75. Sunrise New Energy has a 12-month low of $0.53 and a 12-month high of $1.36. The firm’s 50-day moving average price is $0.92 and its 200-day moving average price is $0.94.

Sunrise New Energy Company Profile

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.