U Power Limited (NASDAQ:UCAR) Sees Large Decline in Short Interest

U Power Limited (NASDAQ:UCAR) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 41,500 shares, a drop of 25.9% from the October 15th total of 56,000 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 14,500 shares, the short-interest ratio is presently 2.9 days.

U Power Price Performance

NASDAQ UCAR traded down $0.49 during trading hours on Friday, hitting $6.51. The company’s stock had a trading volume of 19,556 shares, compared to its average volume of 208,629. U Power has a 12 month low of $4.20 and a 12 month high of $248.80. The company’s 50 day simple moving average is $7.00 and its two-hundred day simple moving average is $6.72.

About U Power

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.