U Power Limited (NASDAQ:UCAR – Get Free Report) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 528,500 shares, a decline of 38.1% from the January 15th total of 853,700 shares. Based on an average daily volume of 18,090,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.5% of the shares of the company are sold short.
Institutional Investors Weigh In On U Power
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in U Power during the 2nd quarter valued at $76,000. Cantor Fitzgerald L. P. bought a new stake in U Power during the 2nd quarter valued at $85,000. Invesco Ltd. bought a new stake in U Power during the 3rd quarter valued at $183,000. Bank of Montreal Can bought a new stake in U Power during the 2nd quarter valued at $242,000. Finally, Geode Capital Management LLC bought a new position in shares of U Power in the second quarter worth $271,000. Institutional investors own 0.32% of the company’s stock.
U Power Price Performance
Shares of NASDAQ:UCAR traded up $0.00 during mid-day trading on Monday, reaching $0.09. The company had a trading volume of 69,733,849 shares, compared to its average volume of 35,814,016. The company has a current ratio of 2.40, a quick ratio of 2.31 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $0.18 and its 200-day moving average price is $2.54. U Power has a one year low of $0.06 and a one year high of $75.00.
U Power Company Profile
U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Anhui, the People's Republic of China.
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