UQM Technologies Inc (UQM) Sees Large Drop in Short Interest
UQM Technologies Inc (NYSE:UQM) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 533,510 shares, a drop of 7.5% from the January 13th total of 577,013 shares. Based on an average daily trading volume, of 75,982 shares, the days-to-cover ratio is currently 7.0 days. Approximately 1.2% of the shares of the company are short sold.
Separately, Zacks Investment Research downgraded UQM Technologies from a “hold” rating to a “sell” rating in a report on Thursday, November 17th.
A hedge fund recently raised its stake in UQM Technologies stock. Wells Fargo & Company MN boosted its stake in UQM Technologies Inc (NYSE:UQM) by 109.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,500 shares of the company’s stock after buying an additional 97,500 shares during the period. Wells Fargo & Company MN owned approximately 0.38% of UQM Technologies worth $114,000 as of its most recent filing with the SEC.
Shares of UQM Technologies (NYSE:UQM) opened at 0.51 on Friday. The company’s market capitalization is $24.75 million. UQM Technologies has a 12-month low of $0.42 and a 12-month high of $0.90. The company has a 50-day moving average price of $0.46 and a 200 day moving average price of $0.53.
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About UQM Technologies
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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