UQM Technologies Inc (NYSEAMERICAN:UQM) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,190,117 shares, a growth of 12.0% from the April 30th total of 1,062,136 shares. Based on an average trading volume of 137,915 shares, the short-interest ratio is presently 8.6 days. Currently, 2.7% of the company’s shares are short sold.
Several brokerages recently weighed in on UQM. Zacks Investment Research lowered UQM Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday. HC Wainwright set a $2.00 price objective on UQM Technologies and gave the stock a “buy” rating in a research report on Monday, May 14th.
A hedge fund recently raised its stake in UQM Technologies stock. Raymond James Financial Services Advisors Inc. raised its position in shares of UQM Technologies Inc (NYSEAMERICAN:UQM) by 18.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 324,266 shares of the industrial goods maker’s stock after buying an additional 50,000 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.60% of UQM Technologies worth $451,000 as of its most recent filing with the Securities & Exchange Commission.
Shares of UQM Technologies stock opened at $1.12 on Friday. UQM Technologies has a fifty-two week low of $0.69 and a fifty-two week high of $1.79.
UQM Technologies (NYSEAMERICAN:UQM) last released its quarterly earnings results on Thursday, May 10th. The industrial goods maker reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). UQM Technologies had a negative return on equity of 25.47% and a negative net margin of 19.74%. The firm had revenue of $1.61 million for the quarter, compared to analysts’ expectations of $2.42 million.
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.
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