U Power Limited (NASDAQ:UCAR) Sees Large Increase in Short Interest

U Power Limited (NASDAQ:UCAR) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 47,200 shares, an increase of 41.7% from the November 15th total of 33,300 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 18,200 shares, the short-interest ratio is currently 2.6 days.

U Power Stock Up 4.8 %

U Power stock opened at $7.44 on Friday. U Power has a fifty-two week low of $4.20 and a fifty-two week high of $26.26. The stock’s 50 day simple moving average is $7.02 and its two-hundred day simple moving average is $6.86.

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.