Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Declines By 15.6%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 75,400 shares, a decrease of 15.6% from the August 15th total of 89,300 shares. Based on an average trading volume of 1,430,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the stock are sold short.

Sunrise New Energy Stock Performance

Shares of NASDAQ:EPOW remained flat at $1.06 during trading on Monday. 5,181 shares of the stock were exchanged, compared to its average volume of 532,976. The business’s 50 day moving average is $0.87 and its two-hundred day moving average is $0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.31 and a current ratio of 0.56. Sunrise New Energy has a 12 month low of $0.53 and a 12 month high of $2.13.

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.