U Power Limited (NASDAQ:UCAR – Get 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
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
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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