Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Down 26.8% in March

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

Wall Street Analyst Weigh In

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

Sunrise New Energy Price Performance

Shares of NASDAQ:EPOW traded down $0.15 during midday trading on Monday, hitting $0.88. The company had a trading volume of 118,618 shares, compared to its average volume of 164,679. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 1.55. Sunrise New Energy has a 12-month low of $0.66 and a 12-month high of $1.86. The company has a fifty day moving average of $0.81 and a two-hundred day moving average of $0.98.

Institutional Trading of Sunrise New Energy

An institutional investor recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd acquired a new stake in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.12% of Sunrise New Energy as of its most recent SEC filing. 31.86% of the stock is owned by hedge funds and other 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.