U Power Limited (NASDAQ:UCAR) Short Interest Update

U Power Limited (NASDAQ:UCAR) saw a large decrease in short interest in 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 presently 1.0 days.

Hedge Funds Weigh In On U Power

An institutional investor recently raised its stake in U Power stock. Bank of America Corp DE boosted its position in shares of U Power Limited (NASDAQ:UCAR) by 132,855,200.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 288.82% of U Power worth $50,000 as of its most recent SEC filing. 13.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

U Power Stock Up 9.9%

UCAR stock opened at $1.33 on Tuesday. U Power has a twelve month low of $0.38 and a twelve month high of $46.00. The stock has a 50-day simple moving average of $1.31 and a two-hundred day simple moving average of $6.63.

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.