Short Interest in U Power Limited (NASDAQ:UCAR) Grows By 91.2%

U Power Limited (NASDAQ:UCAR) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 404,728 shares, a growth of 91.2% from the May 14th total of 211,636 shares. Based on an average daily volume of 1,944,336 shares, the short-interest ratio is presently 0.2 days. Approximately 88.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

UCAR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U Power in a research report on Monday, April 20th. Wall Street Zen lowered shares of U Power from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, U Power has a consensus rating of “Hold” and an average price target of $50.00.

U Power Price Performance

Shares of UCAR stock traded up $0.02 on Monday, hitting $1.23. The stock had a trading volume of 196,400 shares, compared to its average volume of 7,523,942. The stock’s 50 day moving average is $1.43 and its 200-day moving average is $9.11. U Power has a 52-week low of $0.38 and a 52-week high of $49.80.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U Power stock. Bank of America Corp DE raised its stake in shares of U Power Limited (NASDAQ:UCAR) by 132,855,200.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,328,553 shares of the company’s stock after acquiring an additional 1,328,552 shares during the quarter. Bank of America Corp DE owned approximately 288.82% of U Power worth $50,000 at the end of the most recent quarter. Institutional investors own 13.21% of the company’s stock.

U Power Company Profile

U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Wuhu, the People's Republic of China.