UQM Technologies Inc (UQM) Short Interest Update
UQM Technologies Inc (NYSE:UQM) was the recipient of a large increase in short interest in October. As of October 13th, there was short interest totalling 1,014,642 shares, an increase of 9.8% from the September 29th total of 924,078 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 248,518 shares, the days-to-cover ratio is presently 4.1 days.
UQM has been the topic of a number of analyst reports. Zacks Investment Research raised UQM Technologies from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research report on Friday, July 21st. HC Wainwright set a $2.00 price target on UQM Technologies and gave the stock a “buy” rating in a research report on Tuesday, August 29th.
UQM Technologies (NYSE:UQM) traded up 2.59% during trading on Tuesday, reaching $1.19. The company had a trading volume of 137,261 shares. The stock has a 50 day moving average of $1.14 and a 200-day moving average of $0.86. The stock’s market capitalization is $57.89 million. UQM Technologies has a 12-month low of $0.42 and a 12-month high of $1.47.
UQM Technologies (NYSE:UQM) last issued its quarterly earnings data 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 business had revenue of $1.79 million for 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 last year, the firm posted ($0.01) earnings per share. On average, analysts forecast that UQM Technologies will post ($0.02) earnings per share for the current fiscal year.
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% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 274,266 shares of the industrial goods maker’s stock after buying an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.56% of UQM Technologies worth $233,000 at the end of the most recent quarter.
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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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