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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOWGet Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 139,937 shares, a growth of 30.1% from the December 15th total of 107,528 shares. Based on an average trading volume of 154,766 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the company’s shares are short sold. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 154,766 shares, the days-to-cover ratio is presently 0.9 days.

Sunrise New Energy Stock Down 1.2%

Shares of EPOW stock traded down $0.01 on Friday, hitting $0.92. 92,159 shares of the company’s stock traded hands, compared to its average volume of 141,779. The company’s fifty day simple moving average is $1.05 and its 200 day simple moving average is $1.02. Sunrise New Energy has a one year low of $0.76 and a one year high of $1.86. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.83 and a quick ratio of 0.55.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EPOW. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sunrise New Energy in a 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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on EPOW

About Sunrise New Energy

(Get Free Report)

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.

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