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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 47,400 shares, an increase of 68.1% from the February 29th total of 28,200 shares. Based on an average daily trading volume, of 24,700 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.4% of the company’s stock are short sold.

Sunrise New Energy Stock Performance

Shares of Sunrise New Energy stock traded up $0.06 on Thursday, hitting $0.91. 25,358 shares of the company’s stock traded hands, compared to its average volume of 23,480. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 1.30. The firm’s 50-day moving average is $0.91 and its 200 day moving average is $1.23. Sunrise New Energy has a 52-week low of $0.70 and a 52-week high of $2.95.

Sunrise New Energy Company Profile

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.