U Power (NASDAQ:UCAR) Shares to Reverse Split on Monday, March 30th

U Power Limited (NASDAQ:UCAR)’s stock is going to reverse split before the market opens on Monday, March 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, March 29th.

U Power Stock Performance

Shares of UCAR stock opened at $0.10 on Thursday. U Power has a fifty-two week low of $0.09 and a fifty-two week high of $4.98. The company has a 50 day moving average price of $1.19 and a 200 day moving average price of $1.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of U Power in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Hedge Funds Weigh In On U Power

An institutional investor recently raised its position in U Power stock. Sabby Management LLC lifted its stake in shares of U Power Limited (NASDAQ:UCAR) by 3,943.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,260 shares of the company’s stock after buying an additional 234,318 shares during the quarter. U Power comprises about 0.6% of Sabby Management LLC’s holdings, making the stock its 11th biggest holding. Sabby Management LLC owned 5.44% of U Power worth $485,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 13.21% of the company’s stock.

About U Power

U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Wuhu, the People's Republic of China.