U Power Limited (NASDAQ:UCAR) Short Interest Down 19.8% in November

U Power Limited (NASDAQ:UCAR) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 33,300 shares, a drop of 19.8% from the October 31st total of 41,500 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 17,200 shares, the short-interest ratio is currently 1.9 days.

U Power Stock Performance

Shares of U Power stock opened at $6.32 on Friday. The firm’s 50 day simple moving average is $6.98 and its two-hundred day simple moving average is $6.79. U Power has a 12-month low of $4.20 and a 12-month high of $171.97.

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.