U Power Limited (NASDAQ:UCAR) Sees Significant Increase in Short Interest

U Power Limited (NASDAQ:UCAR) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 56,000 shares, an increase of 85.4% from the September 30th total of 30,200 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 15,700 shares, the days-to-cover ratio is presently 3.6 days.

U Power Trading Up 2.2 %

Shares of NASDAQ UCAR traded up $0.17 during midday trading on Monday, hitting $7.83. The company’s stock had a trading volume of 15,791 shares, compared to its average volume of 220,877. The business’s fifty day simple moving average is $6.74 and its two-hundred day simple moving average is $6.51. U Power has a 1 year low of $4.20 and a 1 year high of $295.00.

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.