U Power Limited (NASDAQ:UCAR) Short Interest Down 25.9% in October

U Power Limited (NASDAQ:UCAR) saw a large decrease in short interest during the month of 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 trading volume, of 14,500 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.0% of the shares of the company are short sold.

U Power Stock Up 8.9 %

U Power stock traded up $0.57 during trading hours on Thursday, reaching $7.00. 94,589 shares of the stock were exchanged, compared to its average volume of 209,484. U Power has a 52-week low of $4.20 and a 52-week high of $256.00. The firm’s 50 day moving average is $7.00 and its 200 day moving average is $6.72.

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.