UQM Technologies Inc (UQM) Sees Significant Growth in Short Interest

UQM Technologies Inc (NYSE:UQM) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 528,559 shares, an increase of 5.2% from the August 31st total of 502,245 shares. Based on an average daily volume of 54,755 shares, the short-interest ratio is presently 9.7 days. Currently, 1.2% of the shares of the company are short sold.

A hedge fund recently raised its stake in UQM Technologies stock. Vanguard Group Inc. increased its position in shares of UQM Technologies Inc (NYSE:UQM) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 963,139 shares of the company’s stock after buying an additional 4,900 shares during the period. Vanguard Group Inc. owned about 1.99% of UQM Technologies worth $607,000 as of its most recent filing with the SEC.

UQM Technologies (NYSE:UQM) opened at 0.615 on Friday. UQM Technologies has a 1-year low of $0.43 and a 1-year high of $1.65. The firm’s 50-day moving average price is $0.60 and its 200-day moving average price is $0.66. The company’s market cap is $29.80 million.

Separately, Zacks Investment Research lowered UQM Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th.

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.

5 Day Chart for NYSE:UQM

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