UQM Technologies Inc (UQM) Short Interest Down 3.0% in April
UQM Technologies Inc (NYSE:UQM) saw a large decline in short interest in the month of April. As of April 28th, there was short interest totalling 562,314 shares, a decline of 3.0% from the April 13th total of 579,785 shares. Based on an average daily volume of 201,235 shares, the short-interest ratio is presently 2.8 days. Approximately 1.3% of the shares of the company are sold short.
A number of research firms have recently commented on UQM. Zacks Investment Research upgraded UQM Technologies from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Thursday, April 6th. HC Wainwright set a $2.00 target price on UQM Technologies and gave the stock a “buy” rating in a research note on Sunday, April 2nd.
Shares of UQM Technologies (NYSE:UQM) opened at 0.6824 on Thursday. UQM Technologies has a one year low of $0.42 and a one year high of $0.90. The stock’s market cap is $33.12 million. The company has a 50-day moving average price of $0.51 and a 200 day moving average price of $0.49.
An institutional investor recently raised its position in UQM Technologies stock. Wells Fargo & Company MN boosted its position in shares of UQM Technologies Inc (NYSE:UQM) by 109.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,500 shares of the industrial goods maker’s stock after buying an additional 97,500 shares during the period. Wells Fargo & Company MN owned approximately 0.38% of UQM Technologies worth $114,000 as of its most recent SEC filing.
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UQM Technologies Company Profile
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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