Short Interest in U Power Limited (NASDAQ:UCAR) Declines By 34.0%

U Power Limited (NASDAQ:UCARGet Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 141,766 shares, a drop of 34.0% from the July 30th total of 214,684 shares. Currently, 28.4% of the company’s stock are short sold. Based on an average daily trading volume, of 354,678 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UCAR. Weiss Ratings restated a “sell (e+)” rating on shares of U Power in a research note on Friday, July 17th. Wall Street Zen upgraded U Power from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.00.

Check Out Our Latest Analysis on U Power

Institutional Trading of U Power

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

U Power Stock Performance

NASDAQ:UCAR traded down $0.00 during trading hours on Tuesday, reaching $0.61. 20,139 shares of the company were exchanged, compared to its average volume of 5,262,263. U Power has a 52-week low of $0.38 and a 52-week high of $21.90. The stock has a 50 day simple moving average of $0.96 and a 200 day simple moving average of $3.10.

About U Power

(Get Free Report)

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.

Further Reading

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