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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the recipient of a significant decrease in short interest during 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. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 60,200 shares, the short-interest ratio is currently 0.7 days.

Sunrise New Energy Stock Performance

EPOW remained flat at $0.90 during midday trading on Friday. 7,879 shares of the company traded hands, compared to its average volume of 434,606. The company’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $0.86. Sunrise New Energy has a 52-week low of $0.53 and a 52-week 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.