U Power Limited (NASDAQ:UCAR) Short Interest Down 30.1% in December

U Power Limited (NASDAQ:UCAR) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 33,000 shares, a drop of 30.1% from the November 30th total of 47,200 shares. Based on an average daily volume of 21,500 shares, the short-interest ratio is currently 1.5 days. Approximately 1.6% of the company’s stock are short sold.

U Power Stock Performance

UCAR stock traded down $0.05 during trading on Friday, hitting $6.63. 5,603 shares of the company’s stock traded hands, compared to its average volume of 188,081. U Power has a 1 year low of $4.20 and a 1 year high of $23.00. The business has a fifty day simple moving average of $7.00 and a two-hundred day simple moving average of $6.95.

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.