Short Interest in U Power Limited (NASDAQ:UCAR) Rises By 349.4%

U Power Limited (NASDAQ:UCAR) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 231,000 shares, a growth of 349.4% from the January 15th total of 51,400 shares. Based on an average daily volume of 88,700 shares, the short-interest ratio is currently 2.6 days. Approximately 11.2% of the shares of the company are sold short.

U Power Stock Performance

Shares of UCAR opened at $3.52 on Friday. The business has a 50-day simple moving average of $6.17 and a two-hundred day simple moving average of $6.57. U Power has a 52 week low of $2.31 and a 52 week high of $10.83.

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.