UQM Technologies Inc (NYSEAMERICAN:UQM) was the target of a large decrease in short interest in September. As of September 14th, there was short interest totalling 1,080,825 shares, a decrease of 7.5% from the August 31st total of 1,168,157 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 143,192 shares, the days-to-cover ratio is currently 7.5 days.

UQM opened at $1.31 on Wednesday. UQM Technologies has a twelve month low of $0.89 and a twelve month high of $1.79.

UQM Technologies (NYSEAMERICAN:UQM) last released its quarterly earnings results on Wednesday, August 1st. The industrial goods maker reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). UQM Technologies had a negative return on equity of 25.47% and a negative net margin of 19.74%. The company had revenue of $2.70 million for the quarter, compared to analyst estimates of $2.07 million.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UQM. PVG Asset Management Corp acquired a new position in shares of UQM Technologies during the 2nd quarter worth about $145,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of UQM Technologies during the 2nd quarter worth about $324,000. Finally, BlackRock Inc. raised its position in shares of UQM Technologies by 9.8% during the 2nd quarter. BlackRock Inc. now owns 1,549,971 shares of the industrial goods maker’s stock worth $1,550,000 after purchasing an additional 138,003 shares during the last quarter.

About UQM Technologies

UQM Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells electric motors, generators, power electronic controllers, and fuel cell compressors in the United states and internationally. The company offers propulsion motors and generators, auxiliary motors, and electronic controls and DC-to-DC converters for electric, hybrid electric, plug-in hybrid electric, and fuel cell applications.

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