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

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) was the target 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. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 60,200 shares, the short-interest ratio is presently 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’s stock traded hands, compared to its average volume of 434,606. The firm has a 50 day moving average of $1.01 and a 200-day moving average of $0.86. Sunrise New Energy has a 1-year low of $0.53 and a 1-year 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.