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.
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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