Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Down 40.8% in April

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 41,592 shares, a decrease of 40.8% from the March 31st total of 70,255 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 75,162 shares, the days-to-cover ratio is presently 0.6 days.

Sunrise New Energy Stock Performance

Shares of Sunrise New Energy stock traded up $0.00 on Monday, hitting $0.78. The stock had a trading volume of 48,006 shares, compared to its average volume of 139,460. The stock has a 50 day moving average of $0.79 and a 200 day moving average of $0.95. Sunrise New Energy has a twelve month low of $0.66 and a twelve month high of $1.86.

Analyst Upgrades and Downgrades

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

Hedge Funds 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 position in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 and Exchange Commission (SEC). Institutional investors own 31.86% of the company’s stock.

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.