UQM Technologies Inc (UQM) Short Interest Update
UQM Technologies Inc (NYSE:UQM) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 772,488 shares, an increase of 31.7% from the August 15th total of 586,558 shares. Based on an average daily volume of 156,844 shares, the short-interest ratio is presently 4.9 days. Currently, 1.7% of the company’s stock are short sold.
UQM Technologies (UQM) traded down 0.4681% during midday trading on Tuesday, reaching $0.9355. The company had a trading volume of 73,738 shares. UQM Technologies has a 12-month low of $0.42 and a 12-month high of $1.05. The stock’s 50 day moving average is $0.85 and its 200 day moving average is $0.71. The firm’s market capitalization is $45.51 million.
UQM Technologies (NYSE:UQM) last issued its earnings results on Monday, August 7th. The industrial goods maker reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). The firm had revenue of $1.79 million during the quarter. UQM Technologies had a negative net margin of 75.36% and a negative return on equity of 79.21%. During the same quarter in the previous year, the firm posted ($0.01) EPS. Equities research analysts expect that UQM Technologies will post ($0.02) earnings per share for the current year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut UQM Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. HC Wainwright set a $2.00 price target on UQM Technologies and gave the company a “buy” rating in a research note on Tuesday, August 29th.
A hedge fund recently raised its stake in UQM Technologies stock. Raymond James Financial Services Advisors Inc. lifted its stake in shares of UQM Technologies Inc (NYSE:UQM) by 22.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 274,266 shares of the industrial goods maker’s stock after purchasing an additional 50,000 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.56% of UQM Technologies worth $233,000 as of its most recent SEC filing.
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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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