U Power Limited (NASDAQ:UCAR) Short Interest Down 41.4% in August

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

U Power Price Performance

Shares of NASDAQ:UCAR traded up $0.10 during trading on Wednesday, hitting $3.85. The company’s stock had a trading volume of 105,335 shares, compared to its average volume of 251,590. The company has a 50-day moving average of $15.39 and a 200-day moving average of $39.18. U Power has a 12 month low of $3.50 and a 12 month high of $438.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in U Power stock. Bank of America Corp DE grew its holdings in shares of U Power Limited (NASDAQ:UCAR) by 132,855,200.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,328,553 shares of the company’s stock after acquiring an additional 1,328,552 shares during the period. 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). Institutional investors own 13.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UCAR shares. Maxim Group lowered shares of U Power from a “buy” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen raised shares of U Power from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of U Power in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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.