UQM Technologies Inc (UQM) Sees Significant Growth in Short Interest

UQM Technologies Inc (NYSEAMERICAN:UQM) was the recipient of a significant increase in short interest during the month of January. As of January 12th, there was short interest totalling 1,481,886 shares, an increase of 0.8% from the December 29th total of 1,469,443 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 356,629 shares, the days-to-cover ratio is presently 4.2 days.

UQM Technologies (NYSEAMERICAN:UQM) opened at $1.44 on Monday. The stock has a market cap of $78.93, a P/E ratio of -5.76 and a beta of 0.14. UQM Technologies has a 12-month low of $0.42 and a 12-month high of $1.79.

UQM Technologies (NYSEAMERICAN:UQM) last posted its quarterly earnings results on Thursday, November 2nd. The industrial goods maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $2.75 million for the quarter, compared to analyst estimates of $3.52 million. UQM Technologies had a negative net margin of 19.74% and a negative return on equity of 25.47%.

Several research analysts have issued reports on UQM shares. Zacks Investment Research upgraded shares of UQM Technologies from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research report on Friday, November 10th. HC Wainwright restated a “buy” rating and issued a $1.50 price target on shares of UQM Technologies in a research report on Monday, November 6th.

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About UQM Technologies

UQM Technologies, Inc, (UQM) develops, manufactures and sells electric motors, generators, power electronic controllers and fuel cell compressors for the commercial truck, bus, automotive, marine, military and industrial markets. The Company’s focus is incorporating its technology as propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, delivering the heart of the electric vehicle.

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