UQM Technologies Inc (UQM) Short Interest Update
UQM Technologies Inc (NYSEAMERICAN:UQM) was the recipient of a large growth in short interest in June. As of June 29th, there was short interest totalling 1,213,532 shares, a growth of 2.8% from the June 15th total of 1,180,098 shares. Based on an average daily volume of 83,603 shares, the days-to-cover ratio is currently 14.5 days. Approximately 2.8% of the company’s stock are short sold.
A hedge fund recently raised its stake in UQM Technologies stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of UQM Technologies Inc (NYSEAMERICAN:UQM) by 18.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 324,266 shares of the industrial goods maker’s stock after buying an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.60% of UQM Technologies worth $451,000 at the end of the most recent quarter.
A number of brokerages recently issued reports on UQM. HC Wainwright set a $2.00 target price on UQM Technologies and gave the stock a “buy” rating in a research note on Wednesday, March 21st. Zacks Investment Research lowered UQM Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 23rd.
UQM Technologies (NYSEAMERICAN:UQM) last issued its earnings results on Thursday, May 10th. The industrial goods maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $1.61 million during the quarter, compared to analysts’ expectations of $2.42 million. UQM Technologies had a negative return on equity of 25.47% and a negative net margin of 19.74%.
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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