Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Expands By 1,729.6%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,520,895 shares, an increase of 1,729.6% from the August 15th total of 83,125 shares. Currently, 10.4% of the company’s shares are short sold. Based on an average trading volume of 8,520,921 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sunrise New Energy in a research note on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Sunrise New Energy Trading Down 7.5%

Shares of EPOW stock traded down $0.03 during trading hours on Thursday, reaching $0.33. 317,516 shares of the company’s stock were exchanged, compared to its average volume of 789,201. Sunrise New Energy has a fifty-two week low of $0.32 and a fifty-two week high of $1.86. The company has a quick ratio of 0.48, a current ratio of 0.72 and a debt-to-equity ratio of 2.50. The business has a fifty day moving average price of $0.48 and a 200-day moving average price of $0.64.

Institutional Trading of Sunrise New Energy

An institutional investor recently bought a new stake in Sunrise New Energy stock. XTX Topco Ltd acquired a new position in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 Securities and Exchange Commission. Hedge funds and other institutional investors own 31.86% of the company’s stock.

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.