Short Interest in U Power Limited (NASDAQ:UCAR) Declines By 25.9%

U Power Limited (NASDAQ:UCAR) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 41,500 shares, a decrease of 25.9% from the October 15th total of 56,000 shares. Based on an average daily volume of 14,500 shares, the short-interest ratio is currently 2.9 days. Approximately 2.0% of the shares of the company are sold short.

U Power Stock Performance

NASDAQ:UCAR traded down $0.49 during mid-day trading on Friday, hitting $6.51. 19,556 shares of the company traded hands, compared to its average volume of 208,629. The stock’s fifty day moving average price is $7.00 and its 200-day moving average price is $6.72. U Power has a one year low of $4.20 and a one year high of $248.80.

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.