Short Interest in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Rises By 6,909.5%

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 518,700 shares, a growth of 6,909.5% from the June 15th total of 7,400 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 0.4 days. Currently, 2.7% of the company’s shares are short sold.

Sunrise New Energy Stock Down 5.7 %

EPOW opened at $0.77 on Friday. The stock’s fifty day moving average is $0.73 and its two-hundred day moving average is $0.85. Sunrise New Energy has a 52 week low of $0.53 and a 52 week high of $2.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.31 and a current ratio of 0.56.

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.