UQM Technologies Inc (NYSE:UQM) Short Interest Down 5.5% in July
UQM Technologies Inc (NYSE:UQM) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 620,023 shares, a drop of 5.5% from the July 14th total of 656,081 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 49,820 shares, the days-to-cover ratio is presently 12.4 days.
A number of equities analysts have recently commented on UQM shares. Zacks Investment Research lowered shares of UQM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 1st. HC Wainwright set a $2.00 price target on shares of UQM Technologies and gave the stock a “buy” rating in a research note on Tuesday.
UQM Technologies (UQM) opened at 0.7275 on Thursday. The company’s market capitalization is $35.34 million. The company has a 50 day moving average price of $0.88 and a 200-day moving average price of $0.64. UQM Technologies has a 12-month low of $0.42 and a 12-month high of $0.99.
UQM Technologies (NYSE:UQM) last released its quarterly earnings data on Monday, August 7th. The industrial goods maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01. The business had revenue of $1.79 million during the quarter. UQM Technologies had a negative net margin of 158.22% and a negative return on equity of 78.26%. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, analysts anticipate that UQM Technologies will post ($0.08) EPS for the current year.
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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