U Power Limited (NASDAQ:UCAR) Short Interest Update

U Power Limited (NASDAQ:UCAR) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 211,636 shares, a decrease of 36.5% from the April 30th total of 333,118 shares. Based on an average daily trading volume, of 537,595 shares, the short-interest ratio is presently 0.4 days. Approximately 46.0% of the company’s shares are short sold.

Hedge Funds Weigh In On U Power

An institutional investor recently raised its position in U Power stock. Sabby Management LLC increased its position in shares of U Power Limited (NASDAQ:UCAR) by 3,943.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,260 shares of the company’s stock after purchasing an additional 234,318 shares during the period. U Power makes up about 0.6% of Sabby Management LLC’s portfolio, making the stock its 11th biggest holding. Sabby Management LLC owned approximately 5.44% of U Power worth $485,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 13.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UCAR. Wall Street Zen downgraded U Power from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of U Power in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, U Power has a consensus rating of “Hold” and an average price target of $50.00.

U Power Stock Performance

UCAR opened at $1.40 on Wednesday. The stock’s fifty day simple moving average is $1.35 and its 200 day simple moving average is $10.31. U Power has a 1-year low of $0.38 and a 1-year high of $49.80.

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.