UQM Technologies Inc (NYSEAMERICAN:UQM) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,475,982 shares, a decline of 0.4% from the January 12th total of 1,481,886 shares. Based on an average daily volume of 160,567 shares, the short-interest ratio is presently 9.2 days. Approximately 3.4% of the shares of the stock are sold short.
UQM Technologies (UQM) opened at $1.22 on Friday. The firm has a market capitalization of $71.35, a price-to-earnings ratio of -4.84 and a beta of 0.16. UQM Technologies has a twelve month low of $0.42 and a twelve month high of $1.79.
UQM has been the subject of several analyst reports. Zacks Investment Research downgraded UQM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. HC Wainwright set a $2.00 price target on UQM Technologies and gave the company a “buy” rating in a report on Thursday, October 19th.
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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