Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Up 123.4% in August

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 83,125 shares, a growth of 123.4% from the July 30th total of 37,202 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 590,991 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Sunrise New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Sunrise New Energy Price Performance

Sunrise New Energy stock opened at $0.50 on Monday. Sunrise New Energy has a one year low of $0.35 and a one year high of $1.86. The business’s fifty day moving average is $0.52 and its 200 day moving average is $0.67. The company has a quick ratio of 0.48, a current ratio of 0.72 and a debt-to-equity ratio of 2.50.

Institutional Investors Weigh In On Sunrise New Energy

An institutional investor recently bought a new stake in Sunrise New Energy stock. XTX Topco Ltd bought a new stake in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 & Exchange Commission. 31.86% of the stock is owned by institutional investors.

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.