Short Interest in U Power Limited (NASDAQ:UCAR) Increases By 80.6%

U Power Limited (NASDAQ:UCAR) saw a significant growth in short interest in 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 days-to-cover ratio is currently 2.2 days. Currently, 2.9% of the company’s shares are sold short.

U Power Stock Performance

Shares of UCAR traded up $0.04 during midday trading on Thursday, hitting $8.10. The stock had a trading volume of 36,992 shares, compared to its average volume of 55,136. U Power has a fifty-two week low of $4.20 and a fifty-two week high of $13.49. The business has a 50-day simple moving average of $6.85 and a two-hundred day simple moving average of $6.95.

U Power Company Profile

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.