U Power Limited (NASDAQ:UCAR) Short Interest Update

U Power Limited (NASDAQ:UCAR) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 41,500 shares, a decline of 25.9% from the October 15th total of 56,000 shares. Based on an average daily volume of 14,500 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.0% of the company’s shares are sold short.

U Power Trading Down 7.0 %

NASDAQ:UCAR opened at $6.51 on Friday. The company’s 50-day moving average is $7.00 and its two-hundred day moving average is $6.72. U Power has a 1-year low of $4.20 and a 1-year high of $248.80.

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.