Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Down 64.5% in July

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 37,202 shares, a decrease of 64.5% from the July 15th total of 104,790 shares. Based on an average daily trading volume, of 31,429 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Sunrise New Energy

A hedge fund recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd bought a new position in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 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. Institutional investors and hedge funds own 31.86% of the company’s stock.

Sunrise New Energy Price Performance

Shares of EPOW traded down $0.02 during mid-day trading on Friday, reaching $0.53. The company had a trading volume of 172,907 shares, compared to its average volume of 308,740. Sunrise New Energy has a twelve month low of $0.35 and a twelve month high of $1.86. The company has a current ratio of 0.72, a quick ratio of 0.48 and a debt-to-equity ratio of 2.50. The company’s 50-day moving average is $0.55 and its 200-day moving average is $0.69.

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

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Sunrise New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.