Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Down 48.1% in March

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 6,800 shares, a drop of 48.1% from the February 28th total of 13,100 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Sunrise New Energy Price Performance

Sunrise New Energy stock traded down $0.02 during midday trading on Friday, reaching $0.99. 20,325 shares of the stock traded hands, compared to its average volume of 386,773. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.51 and a current ratio of 0.87. The company has a 50-day simple moving average of $0.93 and a two-hundred day simple moving average of $0.93. Sunrise New Energy has a 12-month low of $0.53 and a 12-month high of $1.36.

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.