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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 169,600 shares, a decline of 67.3% from the June 30th total of 518,700 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.9% of the company’s stock are sold short.

Sunrise New Energy Trading Down 0.1 %

Shares of NASDAQ:EPOW traded down $0.00 during trading on Thursday, hitting $0.71. 31,850 shares of the company were exchanged, compared to its average volume of 648,394. The company has a quick ratio of 0.31, a current ratio of 0.56 and a debt-to-equity ratio of 0.81. Sunrise New Energy has a 12-month low of $0.53 and a 12-month high of $2.40. The firm’s 50 day moving average price is $0.74 and its 200-day moving average price is $0.83.

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.