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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 107,528 shares, a drop of 48.2% from the November 30th total of 207,635 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 443,671 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 443,671 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the stock are sold short.

Sunrise New Energy Trading Down 8.9%

Shares of NASDAQ EPOW traded down $0.10 on Friday, reaching $0.99. 261,086 shares of the company traded hands, compared to its average volume of 306,002. Sunrise New Energy has a fifty-two week low of $0.76 and a fifty-two week high of $1.86. The company has a 50 day moving average of $1.10 and a 200 day moving average of $1.02.

Analyst Ratings Changes

A number of research analysts have issued reports on EPOW shares. Weiss Ratings restated a “sell (e+)” rating on shares of Sunrise New Energy in a report on Monday. Wall Street Zen upgraded shares of Sunrise New Energy to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Get Our Latest 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.

Featured Articles

• Five stocks we like better than Sunrise New Energy
• Do not delete, read immediately
• INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
• Can Any Expenses Be Deducted From Capital Gains Tax?
• Do you know what Amazon is planning for January 1?
• Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why