Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Sees Large Drop in Short Interest

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 6,800 shares, a decrease of 48.1% from the February 28th total of 13,100 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Sunrise New Energy Stock Down 1.5 %

NASDAQ EPOW traded down $0.02 during trading hours on Friday, reaching $0.99. 22,076 shares of the company were exchanged, compared to its average volume of 388,221. The business’s 50 day simple moving average is $0.93 and its 200-day simple moving average is $0.93. Sunrise New Energy has a 1 year low of $0.53 and a 1 year high of $1.36. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.51 and a current ratio of 0.87.

About Sunrise New Energy

Sunrise New Energy Co, Ltd. engages in the manufacture and sale of graphite anode material for EVs and other lithium-ion batteries. The company also operates a peer-to-peer knowledge sharing and enterprise service platform business. In addition, it offers education consulting, training, tailored, information technology, business incubation, enterprise information technology integration, health, and agricultural technology services, as well as cultural and artistic exchanges and planning, and conference services.