UQM Technologies Inc (NYSEAMERICAN:UQM) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 957,787 shares, a growth of 15.2% from the January 15th total of 831,052 shares. Based on an average daily volume of 2,312,951 shares, the short-interest ratio is presently 0.4 days. Approximately 2.2% of the company’s shares are sold short.
A hedge fund recently bought a new stake in UQM Technologies stock. Essex Investment Management Co. LLC acquired a new position in shares of UQM Technologies Inc (NYSEAMERICAN:UQM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 269,803 shares of the industrial goods maker’s stock, valued at approximately $229,000. Essex Investment Management Co. LLC owned 0.50% of UQM Technologies as of its most recent SEC filing.
A number of research firms recently issued reports on UQM. Zacks Investment Research raised UQM Technologies from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a report on Saturday, January 19th. HC Wainwright set a $3.00 price objective on shares of UQM Technologies and gave the stock a “buy” rating in a report on Friday, November 2nd.
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About UQM Technologies
UQM Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells electric motors, generators, power electronic controllers, and fuel cell compressors in the United states and internationally. The company offers propulsion motors and generators, auxiliary motors, and electronic controls and DC-to-DC converters for electric, hybrid electric, plug-in hybrid electric, and fuel cell applications.
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