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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a significant 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 daily trading volume, of 1,430,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Sunrise New Energy Stock Performance

EPOW stock traded down $0.01 during midday trading on Wednesday, reaching $1.00. The company’s stock had a trading volume of 14,091 shares, compared to its average volume of 527,301. The business’s 50-day simple moving average is $0.88 and its 200-day simple moving average is $0.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.56 and a quick ratio of 0.31. Sunrise New Energy has a 52 week low of $0.53 and a 52 week high of $2.05.

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.