U Power Limited (NASDAQ:UCAR) Short Interest Update

U Power Limited (NASDAQ:UCAR) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 277,889 shares, a decrease of 52.9% from the June 15th total of 589,975 shares. Approximately 60.4% of the company’s stock are short sold. Based on an average trading volume of 276,691 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On U Power

An institutional investor recently raised its stake in U Power stock. Bank of America Corp DE grew its position in shares of U Power Limited (NASDAQ:UCAR) by 132,855,200.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,328,553 shares of the company’s stock after buying an additional 1,328,552 shares during the period. Bank of America Corp DE owned 288.82% of U Power worth $50,000 at the end of the most recent reporting period. Institutional investors own 13.21% of the company’s stock.

Analyst Ratings Changes

UCAR has been the subject of several recent research reports. Wall Street Zen upgraded U Power from a “strong sell” rating to a “sell” rating in a report on Sunday. Weiss Ratings reiterated a “sell (e+)” rating on shares of U Power in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.00.

U Power Trading Up 9.9%

NASDAQ:UCAR opened at $1.33 on Tuesday. The firm has a 50-day moving average price of $1.31 and a two-hundred day moving average price of $6.63. U Power has a 52 week low of $0.38 and a 52 week high of $46.00.

About U Power

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 Wuhu, the People's Republic of China.