Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Declines By 30.9%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 87,553 shares, a drop of 30.9% from the January 29th total of 126,628 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 282,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 282,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.6% of the shares of the stock are short sold.

Sunrise New Energy Trading Down 2.0%

Shares of Sunrise New Energy stock traded down $0.02 during trading on Tuesday, hitting $0.82. 17,662 shares of the company were exchanged, compared to its average volume of 154,416. Sunrise New Energy has a fifty-two week low of $0.66 and a fifty-two week high of $1.86. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average price of $0.89 and a 200 day moving average price of $1.00.

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 shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.12% of Sunrise New Energy at the end of the most recent reporting period. Institutional investors own 31.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Sunrise New Energy in a research report on Monday, December 29th. Wall Street Zen raised 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, Based on data from MarketBeat, Sunrise New Energy presently 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.