Yesterday, Universal Bioenergy Inc. (PINK:UBRG) stock confirmed the uptrend. It took almost one trading week to bulls on the company's stock to take absolute dominance.

The trade of UBRG in the middle tier of the OTC market (OTCQB) and the beliefs that it is undervalued have not been the main factors that enabled the share price bounce up from the bottom.

The first candlestick of the upward trend has been drawn by shorters.

Last Friday, Solomon Ali, Universal's Senior Vice President, announced the company's plans for a transition of UBRG to the Over The Counter Bulletin Board (OTCBB). Also, a final preparation for listing of the company's stock on the Frankfurt Stock Exchange has been released.

In addition to the dual listing news, the company's management expressed willingness to change the company's shareholder structure. UBRG plans to attract more long-term shareholders in order to make a balance between short- and long- term investors.

In the same press release has been made a link to the analysts' coverage on UBRG prepared by Rainco Industries. Expressed by Rainco's experts “beliefs that UBRG is undervalued and has the potential to reach $0.47 in the days to come”  fueled more hopes and drew in more bulls on UBRG.

The same day, the share price climbed up 4.23% to close at $0.037 per share.

It may sound strange, but UBRG has been rushed already during the preceding trading session. Then, the stock, appreciated by investors with a speculative mood, soared 1.14% in an exceeding 2.5 times the daily average for the company share' turnover.

Looks like the above mentioned analysts' opinion has been an additional catalyst for the wild upward move of UBRG these days.

The shares' performance, though brilliant, has not been entirely in unison with the willingness of Universal's managers to re-structure the company's shareholder mix. Last Friday, the share of the short volume in the total share turnover has been only 41%. This Monday, when the triumph of company's stock started the short volume exceeded 70% of the total trading volume of UBRG.

Considering all above, the company's press release from this Tuesday and the filed to the SEC last week second amendment to the same old and known report for the quarterly period ended June 30, 2011 look exaggerated.