Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) Short Interest Down 36.1% in October

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 40,100 shares, a decrease of 36.1% from the October 15th total of 62,800 shares. Based on an average daily trading volume, of 60,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s stock are short sold.

Sunrise New Energy Price Performance

Shares of NASDAQ:EPOW remained flat at $0.90 during midday trading on Friday. 7,879 shares of the stock were exchanged, compared to its average volume of 434,606. The business has a 50-day moving average of $1.01 and a 200 day moving average of $0.86. Sunrise New Energy has a 12-month low of $0.53 and a 12-month high of $1.36.

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.