Short Interest in UQM Technologies Inc (UQM) Drops By 6.1%

UQM Technologies Inc (NYSEAMERICAN:UQM) saw a large decline in short interest in December. As of December 29th, there was short interest totalling 1,469,443 shares, a decline of 6.1% from the December 15th total of 1,564,897 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average trading volume of 232,075 shares, the short-interest ratio is currently 6.3 days.

UQM has been the subject of several analyst reports. Zacks Investment Research upgraded shares of UQM Technologies from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a report on Friday, November 10th. HC Wainwright reiterated a “buy” rating and set a $1.50 price target on shares of UQM Technologies in a report on Monday, November 6th.

UQM Technologies (UQM) opened at $1.39 on Thursday. UQM Technologies has a twelve month low of $0.42 and a twelve month high of $1.79. The stock has a market cap of $81.62, a price-to-earnings ratio of -5.56 and a beta of 0.14.

COPYRIGHT VIOLATION WARNING: “Short Interest in UQM Technologies Inc (UQM) Drops By 6.1%” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/01/11/short-interest-in-uqm-technologies-inc-uqm-drops-by-6-1.html.

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.

Receive News & Ratings for UQM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UQM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply