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

U Power Limited (NASDAQ:UCAR) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 51,400 shares, a drop of 13.8% from the December 31st total of 59,600 shares. Based on an average trading volume of 42,600 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.5% of the shares of the stock are short sold.

U Power Stock Performance

Shares of UCAR opened at $2.69 on Monday. The firm’s 50-day moving average is $6.70 and its two-hundred day moving average is $6.84. U Power has a twelve month low of $2.57 and a twelve month high of $12.38.

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.