Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Decreases By 53.2%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 19,463 shares, a decrease of 53.2% from the April 15th total of 41,592 shares. Based on an average trading volume of 29,560 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of Sunrise New Energy

An institutional investor recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd bought 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission. 31.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Sunrise New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Sunrise New Energy Stock Down 7.0%

EPOW traded down $0.05 on Friday, reaching $0.66. 163,047 shares of the company’s stock were exchanged, compared to its average volume of 232,489. The company’s 50 day moving average is $0.77 and its 200-day moving average is $0.91. Sunrise New Energy has a twelve month low of $0.57 and a twelve month high of $1.86.

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

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.