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

U Power Limited (NASDAQ:UCAR) was the target 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 volume of 27,200 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.9% of the company’s shares are short sold.

U Power Stock Up 1.8 %

Shares of NASDAQ:UCAR opened at $8.21 on Friday. The business has a fifty day simple moving average of $6.85 and a 200-day simple moving average of $6.95. U Power has a 52 week low of $4.20 and a 52 week 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.