UQM Technologies Inc (UQM) Sees Significant Growth in Short Interest
UQM Technologies Inc (NYSE:UQM) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 528,559 shares, a growth of 5.2% from the August 31st total of 502,245 shares. Based on an average daily trading volume, of 54,755 shares, the days-to-cover ratio is presently 9.7 days. Currently, 1.2% of the company’s shares are short sold.
An institutional investor recently raised its position in UQM Technologies stock. Vanguard Group Inc. boosted its position in UQM Technologies Inc (NYSE:UQM) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 963,139 shares of the company’s stock after buying an additional 4,900 shares during the period. Vanguard Group Inc. owned 1.99% of UQM Technologies worth $607,000 as of its most recent SEC filing.
Separately, Zacks Investment Research downgraded UQM Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th.
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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