UQM Technologies Inc (UQM) Sees Large Drop in Short Interest

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.

An institutional investor recently raised its position in UQM Technologies stock. Raymond James Financial Services Advisors Inc. increased its holdings in shares of UQM Technologies Inc (NYSEAMERICAN:UQM) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 324,266 shares of the industrial goods maker’s stock after purchasing an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.60% of UQM Technologies worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

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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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