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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 102,360 shares, an increase of 425.9% from the April 30th total of 19,463 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 942,349 shares, the days-to-cover ratio is presently 0.1 days.

Sunrise New Energy Stock Down 1.8%

EPOW stock traded down $0.01 on Friday, reaching $0.68. The company’s stock had a trading volume of 174,849 shares, compared to its average volume of 594,724. The business has a fifty day simple moving average of $0.76 and a two-hundred day simple moving average of $0.87. Sunrise New Energy has a 12-month low of $0.57 and a 12-month high of $1.86. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.48 and a current ratio of 0.72.

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.

Institutional Trading of Sunrise New Energy

An institutional investor recently bought a new position in Sunrise New Energy stock. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,000,000 shares of the company’s stock, valued at approximately $6,861,000. Sunrise New Energy accounts for about 2.1% of Yong Rong HK Asset Management Ltd’s holdings, making the stock its 9th biggest position. Yong Rong HK Asset Management Ltd owned about 27.60% of Sunrise New Energy at the end of the most recent quarter. 31.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Sunrise New Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Sunrise New Energy Company Profile

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.