UQM Technologies Sees Significant Growth in Short Interest (UQM)
UQM Technologies (NYSE:UQM) was the recipient of a significant increase in short interest during the month of May. As of May 30th, there was short interest totalling 3,901,594 shares, an increase of 1.7% from the May 15th total of 3,835,889 shares, American Banking News.com reports. Based on an average daily volume of 365,721 shares, the short-interest ratio is presently 10.7 days. Currently, 10.9% of the shares of the company are sold short.
A number of analysts have recently weighed in on UQM shares. Analysts at TheStreet downgraded shares of UQM Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 5th. Analysts at HC Wainwright initiated coverage on shares of UQM Technologies in a research note on Thursday, June 5th. They set a “buy” rating and a $3.50 price target on the stock.
Shares of UQM Technologies (NYSE:UQM) traded down 2.56% on Tuesday, hitting $1.90. The stock had a trading volume of 133,915 shares. UQM Technologies has a 52 week low of $1.00 and a 52 week high of $3.45. The stock has a 50-day moving average of $2.12 and a 200-day moving average of $2.15. The company’s market cap is $76.8 million.
UQM Technologies (NYSE:UQM) last announced its earnings results on Thursday, May 29th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.70 million.
UQM Technologies, Inc (NYSE:UQM) is a developer and manufacturer of electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.