UQM Technologies Inc (UQM) Sees Significant Increase in Short Interest
UQM Technologies Inc (NYSE:UQM) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 550,655 shares, a growth of 4.2% from the September 15th total of 528,559 shares. Based on an average trading volume of 62,864 shares, the days-to-cover ratio is currently 8.8 days. Currently, 1.3% of the shares of the stock are short sold.
Separately, Zacks Investment Research upgraded shares of UQM Technologies from a “sell” rating to a “hold” rating in a report on Tuesday.
A hedge fund recently raised its stake in UQM Technologies stock. Vanguard Group Inc. boosted its stake in shares of UQM Technologies Inc (NYSE:UQM) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 963,139 shares of the company’s stock after buying an additional 4,900 shares during the period. Vanguard Group Inc. owned about 1.99% of UQM Technologies worth $607,000 at the end of the most recent reporting period.
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Shares of UQM Technologies (NYSE:UQM) opened at 0.59 on Wednesday. The stock’s 50 day moving average is $0.60 and its 200-day moving average is $0.66. The stock’s market capitalization is $28.59 million. UQM Technologies has a one year low of $0.43 and a one year high of $1.65.
About UQM Technologies
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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