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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,700 shares, a drop of 75.0% from the March 15th total of 6,800 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Sunrise New Energy Stock Up 1.1 %

Shares of EPOW opened at $0.98 on Thursday. The stock’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $0.92. Sunrise New Energy has a twelve month low of $0.53 and a twelve month high of $1.36. The company has a quick ratio of 0.51, a current ratio of 0.87 and a debt-to-equity ratio of 0.75.

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.