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

by · The Cerbat Gem

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 102,360 shares, an increase of 425.9% from the April 30th total of 19,463 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 942,349 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Sunrise New Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Report on EPOW

Institutional Investors Weigh In On Sunrise New Energy

A hedge fund recently bought a new stake in Sunrise New Energy stock. XTX Topco Ltd purchased a new stake in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing. Hedge funds and other institutional investors own 31.86% of the company’s stock.

Sunrise New Energy Stock Down 4.1%

Shares of EPOW traded down $0.03 on Thursday, hitting $0.68. 61,255 shares of the stock traded hands, compared to its average volume of 226,585. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.72 and a quick ratio of 0.48. The business has a 50 day simple moving average of $0.76 and a 200 day simple moving average of $0.88. Sunrise New Energy has a one year low of $0.57 and a one year high of $1.86.

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

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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