UQM Technologies Inc (UQM) Sees Large Drop in Short Interest

UQM Technologies Inc (NYSEAMERICAN:UQM) was the target of a large decline in short interest in December. As of December 29th, there was short interest totalling 1,469,443 shares, a decline of 6.1% from the December 15th total of 1,564,897 shares. Based on an average daily volume of 232,075 shares, the short-interest ratio is currently 6.3 days. Currently, 3.3% of the company’s stock are sold short.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut UQM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. HC Wainwright set a $2.00 target price on UQM Technologies and gave the company a “buy” rating in a research report on Thursday, October 19th.

Shares of UQM Technologies (UQM) opened at $1.43 on Tuesday. UQM Technologies has a 1 year low of $0.42 and a 1 year high of $1.79. The stock has a market capitalization of $77.30, a P/E ratio of -5.72 and a beta of 0.14.

UQM Technologies (NYSEAMERICAN:UQM) last announced its earnings results on Thursday, November 2nd. The industrial goods maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. UQM Technologies had a negative return on equity of 79.21% and a negative net margin of 75.36%. The business had revenue of $2.75 million for the quarter, compared to analyst estimates of $3.52 million.

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About UQM Technologies

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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