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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 37,202 shares, a drop of 64.5% from the July 15th total of 104,790 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 31,429 shares, the short-interest ratio is presently 1.2 days.

Sunrise New Energy Stock Down 0.4%

EPOW stock traded down $0.00 during trading on Friday, hitting $0.55. 83,349 shares of the company’s stock were exchanged, compared to its average volume of 239,296. The business has a 50-day moving average price of $0.55 and a two-hundred day moving average price of $0.69. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.72 and a quick ratio of 0.48. Sunrise New Energy has a 52-week low of $0.35 and a 52-week high of $1.86.

Sunrise New Energy (NASDAQ:EPOW) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $9.22 million for the quarter.

Institutional Trading of Sunrise New Energy

An institutional investor recently bought a new stake in Sunrise New Energy stock. XTX Topco Ltd purchased a new position in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the fourth quarter, according to the company in its most recent 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Sunrise New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.