UQM Technologies Inc (NYSEAMERICAN:UQM) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,083,748 shares, an increase of 6.8% from the October 13th total of 1,014,642 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 182,941 shares, the days-to-cover ratio is currently 5.9 days.
UQM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded UQM Technologies from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Friday, November 10th. HC Wainwright restated a “buy” rating and issued a $1.50 price target on shares of UQM Technologies in a research report on Monday, November 6th. Finally, ValuEngine upgraded UQM Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th.
UQM Technologies (NYSEAMERICAN UQM) opened at $1.14 on Wednesday. UQM Technologies has a 52-week low of $0.42 and a 52-week high of $1.47.
UQM Technologies Company Profile
UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.
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