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

U Power Limited (NASDAQ:UCAR) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 196,700 shares, a growth of 52.4% from the May 31st total of 129,100 shares. Approximately 11.1% of the shares of the company are sold short. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is currently 0.1 days.

U Power Trading Up 0.5 %

UCAR opened at $8.43 on Monday. U Power has a 1-year low of $4.20 and a 1-year high of $765.00. The firm’s 50 day simple moving average is $5.98 and its two-hundred day simple moving average is $8.46.

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.