Short Interest in UQM Technologies Inc (UQM) Expands By 5.4%
UQM Technologies Inc (NYSE:UQM) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 654,473 shares, a growth of 5.4% from the June 15th total of 621,155 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 251,932 shares, the short-interest ratio is currently 2.6 days.
Separately, Zacks Investment Research cut shares of UQM Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 14th.
Shares of UQM Technologies (NYSE:UQM) traded down 2.8295% during mid-day trading on Monday, hitting $0.8551. 175,790 shares of the stock were exchanged. The company’s market cap is $41.54 million. The stock’s 50-day moving average price is $0.87 and its 200-day moving average price is $0.63. UQM Technologies has a 52-week low of $0.42 and a 52-week high of $0.99.
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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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