U Power Limited (NASDAQ:UCAR) Short Interest Update

U Power Limited (NASDAQ:UCAR) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 83,013 shares, a decline of 41.4% from the August 15th total of 141,766 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 872,017 shares, the days-to-cover ratio is currently 0.1 days.

U Power Price Performance

Shares of U Power stock traded down $0.12 during midday trading on Friday, reaching $4.33. The company had a trading volume of 4,682 shares, compared to its average volume of 248,974. U Power has a fifty-two week low of $3.50 and a fifty-two week high of $438.00. The stock has a fifty day moving average price of $15.00 and a 200 day moving average price of $37.11.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Maxim Group cut U Power from a “buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of U Power in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded shares of U Power from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, U Power has an average rating of “Reduce”.

Institutional Investors Weigh In On U Power

A hedge fund recently raised its position in U Power stock. Bank of America Corp DE boosted its position in U Power Limited (NASDAQ:UCAR) by 132,855,200.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,328,553 shares of the company’s stock after purchasing an additional 1,328,552 shares during the quarter. Bank of America Corp DE owned about 288.82% of U Power worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 13.21% of the stock is owned by hedge funds and other institutional investors.

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.