UQM Technologies Inc (UQM) Sees Large Increase in Short Interest
UQM Technologies Inc (NYSEAMERICAN:UQM) was the target of a significant increase in short interest in January. As of January 12th, there was short interest totalling 1,481,886 shares, an increase of 0.8% from the December 29th total of 1,469,443 shares. Based on an average daily volume of 356,629 shares, the short-interest ratio is presently 4.2 days. Currently, 3.3% of the company’s stock are short sold.
A number of research analysts recently weighed in on the stock. HC Wainwright set a $2.00 target price on shares of UQM Technologies and gave the company a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research downgraded shares of UQM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th.
UQM Technologies (NYSEAMERICAN:UQM) opened at $1.35 on Wednesday. The firm has a market cap of $78.93, a price-to-earnings ratio of -5.40 and a beta of 0.14. UQM Technologies has a 12-month low of $0.42 and a 12-month high of $1.79.
UQM Technologies Company Profile
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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