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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sunrise New Energy in a report on Friday, September 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Sunrise New Energy Stock Performance

NASDAQ EPOW opened at $5.73 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.72 and a quick ratio of 0.48. Sunrise New Energy has a twelve month low of $5.33 and a twelve month high of $46.50. The business’s fifty day moving average is $10.52 and its 200 day moving average is $14.99.

Sunrise New Energy Company Profile

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.