Trade Report: Today, UQM Technologies Inc (UQM) Sees Significant Decrease in Short Interest

Today, UQM Technologies Inc (UQM) Sees Significant Decrease in Short Interest

UQM Technologies Inc (NYSE:UQM) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 497,985 shares, a decrease of 6.9% from the October 31st total of 535,036 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,767 shares, the short-interest ratio is presently 6.2 days.

Separately, Zacks Investment Research downgraded shares of UQM Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 11th.

A hedge fund recently raised its stake in UQM Technologies stock. Wells Fargo & Company MN raised its position in shares of UQM Technologies Inc (NYSE:UQM) by 109.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,500 shares of the company’s stock after buying an additional 97,500 shares during the period. Wells Fargo & Company MN owned about 0.38% of UQM Technologies worth $114,000 as of its most recent filing with the SEC.

UQM Technologies (NYSE:UQM) opened at 0.505 on Friday. The firm’s market capitalization is $24.51 million. UQM Technologies has a one year low of $0.43 and a one year high of $0.90. The stock’s 50 day moving average is $0.54 and its 200 day moving average is $0.63.

UQM Technologies (NYSE:UQM) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. On average, equities research analysts predict that UQM Technologies will post ($0.16) earnings per share for the current fiscal year.

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