Short Interest in UQM Technologies Inc (UQM) Decreases By 5.4%
UQM Technologies Inc (NYSE:UQM) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 586,558 shares, a decrease of 5.4% from the July 31st total of 620,023 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 85,893 shares, the short-interest ratio is currently 6.8 days.
Shares of UQM Technologies (NYSE:UQM) opened at 0.955 on Wednesday. The firm’s market cap is $46.45 million. UQM Technologies has a 52 week low of $0.42 and a 52 week high of $0.99. The stock has a 50 day moving average price of $0.84 and a 200 day moving average price of $0.67.
UQM Technologies (NYSE:UQM) last announced its quarterly earnings data on Monday, August 7th. The industrial goods maker reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $1.79 million during the quarter. UQM Technologies had a negative return on equity of 79.21% and a negative net margin of 75.36%. During the same period in the prior year, the firm posted ($0.01) earnings per share. Equities analysts expect that UQM Technologies will post ($0.02) earnings per share for the current year.
Several equities research analysts have recently weighed in on UQM shares. HC Wainwright set a $2.00 price target on UQM Technologies and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut UQM Technologies from a “buy” rating to a “hold” rating in a research note on Friday, July 14th.
A hedge fund recently raised its stake in UQM Technologies stock. Raymond James Financial Services Advisors Inc. increased its stake in shares of UQM Technologies Inc (NYSE:UQM) by 22.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 274,266 shares of the industrial goods maker’s stock after buying an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.56% of UQM Technologies worth $233,000 as of its most recent SEC filing.
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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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