UQM Technologies Inc (UQM) Sees Significant Growth in Short Interest
UQM Technologies Inc (NYSE:UQM) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 550,655 shares, a growth of 4.2% from the September 15th total of 528,559 shares. Based on an average trading volume of 62,864 shares, the days-to-cover ratio is presently 8.8 days. Approximately 1.3% of the shares of the company are sold short.
Shares of UQM Technologies (NYSE:UQM) opened at 0.57 on Wednesday. The firm has a 50-day moving average price of $0.61 and a 200-day moving average price of $0.66. UQM Technologies has a 52 week low of $0.43 and a 52 week high of $1.65. The firm’s market capitalization is $27.62 million.
Separately, Zacks Investment Research downgraded UQM Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 11th.
A hedge fund recently raised its stake in UQM Technologies stock. Vanguard Group Inc. raised its position in UQM Technologies Inc (NYSE:UQM) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 963,139 shares of the company’s stock after buying an additional 4,900 shares during the period. Vanguard Group Inc. owned about 1.99% of UQM Technologies worth $607,000 at the end of the most recent quarter.
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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