UQM Technologies Short Interest Down 3.6% in July (UQM)
UQM Technologies (NYSE:UQM) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 3,447,387 shares, a decline of 3.6% from the July 15th total of 3,577,277 shares, AnalystRatingsNetwork.com reports. Approximately 9.9% of the company’s stock are short sold. Based on an average daily volume of 258,588 shares, the short-interest ratio is currently 13.3 days.
Several analysts have recently commented on the stock. 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) opened at 1.60 on Wednesday. UQM Technologies has a 1-year low of $1.07 and a 1-year high of $3.45. The stock’s 50-day moving average is $1.93 and its 200-day moving average is $2.10. The company’s market cap is $64.7 million.
UQM Technologies (NYSE:UQM) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.03) earnings per share (EPS) for the quarter. During the same quarter in the previous year, the company posted ($0.07) earnings per share. On average, analysts predict that UQM Technologies will post $-0.07 earnings per share for the current fiscal year.
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.
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