U Power Limited (NASDAQ:UCAR) Short Interest Update

U Power Limited (NASDAQ:UCAR) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 231,000 shares, an increase of 349.4% from the January 15th total of 51,400 shares. Based on an average trading volume of 88,700 shares, the short-interest ratio is presently 2.6 days. Approximately 11.2% of the company’s shares are sold short.

U Power Stock Performance

Shares of UCAR stock traded down $0.22 during mid-day trading on Wednesday, hitting $3.46. The company’s stock had a trading volume of 43,551 shares, compared to its average volume of 171,428. U Power has a 52 week low of $2.31 and a 52 week high of $10.83. The company’s fifty day simple moving average is $6.23 and its 200-day simple moving average is $6.59.

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.