Sunrise New Energy Co., Ltd. (NASDAQ:EPOW – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 1,520,895 shares, a growth of 1,729.6% from the August 15th total of 83,125 shares. Currently, 10.4% of the company’s stock are short sold. Based on an average trading volume of 8,520,921 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On Sunrise New Energy
A hedge fund recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd bought a new position in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned 0.12% of Sunrise New Energy at the end of the most recent quarter. Institutional investors and hedge funds own 31.86% of the company’s stock.
Sunrise New Energy Stock Performance
Shares of NASDAQ EPOW opened at $0.33 on Friday. The firm’s 50-day moving average price is $0.48 and its 200-day moving average price is $0.64. Sunrise New Energy has a 52-week low of $0.32 and a 52-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.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on EPOW
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.
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