Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Update

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 153,542 shares, a decline of 89.9% from the August 31st total of 1,520,895 shares. Based on an average daily volume of 397,537 shares, the days-to-cover ratio is currently 0.4 days. Currently, 20.8% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sunrise New Energy in a report on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sunrise New Energy currently has a consensus rating of “Sell”.

Sunrise New Energy Stock Performance

Shares of NASDAQ:EPOW traded down $0.59 during midday trading on Thursday, hitting $5.73. The company had a trading volume of 17,075 shares, compared to its average volume of 200,881. Sunrise New Energy has a twelve month low of $5.33 and a twelve month high of $46.50. 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’s 50-day simple moving average is $10.52 and its 200-day simple moving average is $14.99.

About Sunrise New Energy

Sunrise New Energy Co, Ltd. is a China-based company focused on the development, manufacture and sale of anode materials used in lithium-ion batteries. Its product portfolio centers on graphite-based anode materials, which are used in rechargeable batteries for electric vehicles, energy-storage systems and other applications.

The company operates a manufacturing facility in Guizhou Province, China, where it produces battery anode materials. Sunrise New Energy has described its operations as serving battery manufacturers and other customers in China and international markets, although publicly available information about its customer base and geographic reach is limited.

Sunrise New Energy is led by Chairman and Chief Executive Officer Haiping Hu.