Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Increases By 1,729.6%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,520,895 shares, an increase of 1,729.6% from the August 15th total of 83,125 shares. Based on an average daily trading volume, of 8,520,921 shares, the short-interest ratio is currently 0.2 days. Approximately 10.4% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Sunrise New Energy

A hedge fund recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd purchased a new stake in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned 0.12% of Sunrise New Energy at the end of the most recent reporting period. 31.86% of the stock is owned by institutional investors.

Sunrise New Energy Stock Performance

Shares of Sunrise New Energy stock traded down $0.01 on Friday, hitting $0.32. The company had a trading volume of 111,090 shares, compared to its average volume of 4,976,062. Sunrise New Energy has a twelve month low of $0.31 and a twelve month high of $1.86. The company has a quick ratio of 0.48, a current ratio of 0.72 and a debt-to-equity ratio of 2.50. The stock has a 50-day moving average of $0.47 and a 200-day moving average of $0.63.

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.