UQM Technologies Short Interest Down 4.3% in August (UQM)
UQM Technologies (NYSE:UQM) was the recipient of a significant decline in short interest in August. As of August 15th, there was short interest totalling 3,297,701 shares, a decline of 4.3% from the July 31st total of 3,447,387 shares, AnalystRatings.NET reports. Based on an average trading volume of 123,564 shares, the short-interest ratio is currently 26.7 days. Currently, 9.5% of the company’s shares are short sold.
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) opened at 1.63 on Thursday. UQM Technologies has a 52 week low of $1.19 and a 52 week high of $3.45. The stock’s 50-day moving average is $1.77 and its 200-day moving average is $2.09. The company’s market cap is $65.9 million.
UQM Technologies (NYSE:UQM) last announced its 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. Analysts expect that UQM Technologies will post $-0.07 EPS 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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