Sharp Short Interest Declines
Short Interest Plummets Up to 90 Percent Across Four Stocks in September
Anonymous
Several companies reported sharply lower short interest in September, with Nuburu down 90%, U Power down 89.2%, Eco Wave Power down 80.2% and UOL Group down 78.5% as of Sept. 15 compared with Aug. 31. Short interest represented 2.6% of Nuburu’s shares, 0.7% of U Power’s, 0.1% of Eco Wave Power’s and was not specified as a percentage for UOL Group. U Power’s shares were trading well below their 50- and 200-day averages, and analyst views remained cautious, with ratings ranging from hold to sell. The reports provide short-interest and market data but do not identify a specific reason for the declines.
Key Points
1
Nuburu reported a quarterly loss of $1.46 per share and revenue of $0.52 million. Its reported market capitalization was $9.40 million.
2
Eco Wave Power’s investor base and analyst assessments were mixed: Connective Capital Management disclosed a new position of 32,234 shares, while recent ratings included a strong buy, a hold and a sell.
3
U Power develops modular electric-vehicle platforms and battery-swapping solutions; its UP Super Board is a skateboard-style chassis intended to accommodate different vehicle bodies and configurations.
4
UOL Group is a Singapore-based property company whose activities span real-estate development, hospitality and asset management, with residential, commercial and mixed-use projects across Singapore and other Asia-Pacific markets.
Sentiment
Mostly NegativeNEGATIVENEUTRALPOSITIVE
Publishers
18
Articles
13
Reach
31
A
AnonymousAuthor
