UQM Technologies Inc (UQM) Sees Significant Increase in Short Interest
UQM Technologies Inc (NYSE:UQM) saw a large 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 daily volume of 62,864 shares, the short-interest ratio is currently 8.8 days. Approximately 1.3% of the company’s stock are short sold.
UQM Technologies (NYSE:UQM) opened at 0.595 on Friday. UQM Technologies has a one year low of $0.43 and a one year high of $1.65. The firm’s market cap is $28.83 million. The stock has a 50 day moving average price of $0.61 and a 200-day moving average price of $0.66.
Separately, Zacks Investment Research upgraded UQM Technologies from a “sell” rating to a “hold” rating in a report on Tuesday.
An institutional investor recently raised its position in UQM Technologies stock. Vanguard Group Inc. raised its stake 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. 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 about 1.99% of UQM Technologies worth $607,000 at the end of the most recent quarter.
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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