U Power Limited (NASDAQ:UCAR) Short Interest Update

U Power Limited (NASDAQ:UCAR) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 277,889 shares, a decrease of 52.9% from the June 15th total of 589,975 shares. Currently, 60.4% of the shares of the company are sold short. Based on an average daily trading volume, of 276,691 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of U Power

An institutional investor recently raised its stake in U Power stock. Bank of America Corp DE raised its holdings in shares of U Power Limited (NASDAQ:UCAR) by 132,855,200.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,328,553 shares of the company’s stock after buying 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 SEC filing. 13.21% of the stock is currently owned by institutional investors and hedge funds.

U Power Trading Up 1.2%

UCAR stock traded up $0.01 during trading hours on Thursday, hitting $1.22. 30,280 shares of the stock traded hands, compared to its average volume of 6,418,437. The stock has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $6.41. U Power has a one year low of $0.38 and a one year high of $46.00.

Analyst Ratings Changes

Several research firms have recently commented on UCAR. Weiss Ratings restated a “sell (e+)” rating on shares of U Power in a research report on Monday, April 20th. Wall Street Zen upgraded U Power from a “strong sell” rating to a “sell” rating in a research report on Sunday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.00.

U Power Company Profile

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.