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

U Power Limited (NASDAQ:UCAR) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 83,013 shares, a drop of 41.4% from the August 15th total of 141,766 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 872,017 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of U Power from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Maxim Group lowered shares of U Power from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a research report on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

U Power Stock Up 5.2%

Shares of UCAR traded up $0.20 during mid-day trading on Thursday, reaching $4.05. The company had a trading volume of 7,710 shares, compared to its average volume of 250,220. The firm has a fifty day simple moving average of $15.39 and a 200-day simple moving average of $39.18. U Power has a fifty-two week low of $3.50 and a fifty-two week high of $438.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in U Power stock. Bank of America Corp DE raised its position 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 Form 13F filing with the Securities and Exchange Commission. 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 approximately 288.82% of U Power worth $50,000 at the end of the most recent reporting period. 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.