Short Interest in UQM Technologies Inc (UQM) Drops By 7.5%

UQM Technologies Inc (NYSEAMERICAN:UQM) saw a significant decrease in short interest during the month of September. As of September 14th, there was short interest totalling 1,080,825 shares, a decrease of 7.5% from the August 31st total of 1,168,157 shares. Based on an average daily volume of 143,192 shares, the days-to-cover ratio is currently 7.5 days. Approximately 2.5% of the shares of the company are short sold.

NYSEAMERICAN:UQM opened at $1.31 on Wednesday. UQM Technologies has a one year low of $0.89 and a one year high of $1.79.

UQM Technologies (NYSEAMERICAN:UQM) last posted its quarterly earnings results on Wednesday, August 1st. The industrial goods maker reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). UQM Technologies had a negative net margin of 19.74% and a negative return on equity of 25.47%. The business had revenue of $2.70 million during the quarter, compared to analysts’ expectations of $2.07 million.

A number of large investors have recently bought and sold shares of UQM. Raymond James Financial Services Advisors Inc. purchased a new stake in UQM Technologies in the second quarter valued at $324,000. BlackRock Inc. boosted its stake in shares of UQM Technologies by 9.8% during the 2nd quarter. BlackRock Inc. now owns 1,549,971 shares of the industrial goods maker’s stock worth $1,550,000 after acquiring an additional 138,003 shares in the last quarter. Finally, PVG Asset Management Corp purchased a new stake in shares of UQM Technologies during the 2nd quarter worth about $145,000.

About UQM Technologies

UQM Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells electric motors, generators, power electronic controllers, and fuel cell compressors in the United states and internationally. The company offers propulsion motors and generators, auxiliary motors, and electronic controls and DC-to-DC converters for electric, hybrid electric, plug-in hybrid electric, and fuel cell applications.

Further Reading: Price to Earnings Ratio (PE)

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