U Power Limited (NASDAQ:UCAR) Short Interest Up 80.6% in December

U Power Limited (NASDAQ:UCAR) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 59,600 shares, a growth of 80.6% from the December 15th total of 33,000 shares. Based on an average daily trading volume, of 27,200 shares, the short-interest ratio is currently 2.2 days. Approximately 2.9% of the company’s stock are short sold.

U Power Price Performance

UCAR traded up $0.04 during midday trading on Thursday, hitting $8.10. 36,992 shares of the company’s stock traded hands, compared to its average volume of 55,136. The stock’s fifty day simple moving average is $6.85 and its 200-day simple moving average is $6.95. U Power has a one year low of $4.20 and a one year high of $13.49.

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.