U Power Limited (NASDAQ:UCAR) Short Interest Down 13.8% in January

U Power Limited (NASDAQ:UCAR) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 51,400 shares, a decrease of 13.8% from the December 31st total of 59,600 shares. Based on an average daily volume of 42,600 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.5% of the shares of the company are sold short.

U Power Trading Down 14.6 %

NASDAQ:UCAR traded down $0.46 during midday trading on Friday, reaching $2.69. 199,388 shares of the company traded hands, compared to its average volume of 173,834. The company has a fifty day moving average price of $6.70 and a 200 day moving average price of $6.85. U Power has a twelve month low of $2.57 and a twelve month high of $12.38.

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.