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

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

Analyst Ratings Changes

EPOW has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sunrise New Energy in a research note 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sunrise New Energy has an average rating of “Sell”.

Sunrise New Energy Stock Up 17.0%

EPOW traded up $0.15 during trading hours on Friday, hitting $1.03. 1,069,362 shares of the stock were exchanged, compared to its average volume of 133,626. The stock has a 50-day simple moving average of $0.81 and a 200-day simple moving average of $0.98. Sunrise New Energy has a 12 month low of $0.66 and a 12 month high of $1.86. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.55 and a current ratio of 0.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sunrise New Energy stock. XTX Topco Ltd purchased a new stake in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned 0.12% of Sunrise New Energy as of its most recent filing with the SEC. 31.86% of the stock is currently 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.