U Power Limited (NASDAQ:UCAR) Short Interest Update

U Power Limited (NASDAQ:UCAR) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 56,000 shares, a growth of 85.4% from the September 30th total of 30,200 shares. Based on an average trading volume of 15,700 shares, the short-interest ratio is presently 3.6 days. Currently, 2.7% of the company’s stock are sold short.

U Power Stock Up 5.7 %

Shares of UCAR stock traded up $0.42 during trading hours on Friday, reaching $7.67. The company had a trading volume of 17,468 shares, compared to its average volume of 221,868. U Power has a 12 month low of $4.20 and a 12 month high of $295.00. The business has a fifty day simple moving average of $6.72 and a 200-day simple moving average of $6.48.

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.