U Power Limited (NASDAQ:UCAR – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 404,728 shares, an increase of 91.2% from the May 14th total of 211,636 shares. Currently, 88.0% of the company’s stock are short sold. Based on an average trading volume of 1,944,336 shares, the short-interest ratio is presently 0.2 days.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on UCAR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a research report on Monday, April 20th. Wall Street Zen lowered 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 company. According to data from MarketBeat.com, U Power has a consensus rating of “Hold” and a consensus target price of $50.00.
Get Our Latest Analysis on UCAR
U Power Trading Down 1.6%
Institutional Inflows and Outflows
An institutional investor recently raised its position in U Power stock. Bank of America Corp DE increased its holdings in shares of U Power Limited (NASDAQ:UCAR – Free Report) by 132,855,200.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,328,553 shares of the company’s stock after buying an additional 1,328,552 shares during the quarter. Bank of America Corp DE owned 288.82% of U Power worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.
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