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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a significant increase in short interest in 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 volume of 24,700 shares, the short-interest ratio is presently 1.9 days. Currently, 0.4% of the shares of the stock are sold short.

Sunrise New Energy Trading Up 7.2 %

EPOW traded up $0.06 during midday trading on Thursday, hitting $0.91. 25,358 shares of the company 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. Sunrise New Energy has a 52-week low of $0.70 and a 52-week high of $2.95. The business has a 50 day simple moving average of $0.91 and a two-hundred day simple moving average of $1.23.

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.