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

UQM Technologies Inc (NYSEAMERICAN:UQM) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 1,441,685 shares, an increase of 27.2% from the November 15th total of 1,133,385 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average trading volume of 643,282 shares, the days-to-cover ratio is presently 2.2 days.

UQM Technologies (UQM) opened at $1.40 on Friday. UQM Technologies has a 1 year low of $0.42 and a 1 year high of $1.79.

Several analysts have recently issued reports on UQM shares. HC Wainwright set a $2.00 target price on shares of UQM Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of 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.

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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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