U Power Limited (NASDAQ:UCAR – Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 141,766 shares, a decrease of 34.0% from the July 30th total of 214,684 shares. Based on an average daily volume of 354,678 shares, the days-to-cover ratio is currently 0.4 days. Approximately 28.4% of the company’s stock are short sold.
U Power Stock Performance
U Power stock traded down $0.00 during trading hours on Tuesday, reaching $0.61. The stock had a trading volume of 20,139 shares, compared to its average volume of 5,262,263. The business’s 50 day moving average price is $0.96 and its 200-day moving average price is $3.10. U Power has a 52 week low of $0.38 and a 52 week high of $21.90.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on UCAR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a report on Friday, July 17th. Wall Street Zen raised shares of U Power from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, U Power has an average rating of “Hold” and an average target price of $50.00.
Institutional Inflows and Outflows
A hedge fund recently raised its position in U Power stock. Bank of America Corp DE raised its stake in U Power Limited (NASDAQ:UCAR – Free Report) by 132,855,200.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,328,553 shares of the company’s stock after purchasing an additional 1,328,552 shares during the period. Bank of America Corp DE owned 288.82% of U Power worth $50,000 as of its most recent SEC filing. 13.21% of the stock is owned by institutional investors and hedge funds.
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.
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