Short Interest in Under Armour, Inc. (NYSE:UA) Expands By 24.3%

by · The Cerbat Gem

Under Armour, Inc. (NYSE:UA – Get Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 9,720,000 shares, a growth of 24.3% from the February 13th total of 7,820,000 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average trading volume of 3,450,000 shares, the short-interest ratio is currently 2.8 days.

Under Armour Stock Performance

Shares of UA stock traded down $0.16 during trading hours on Tuesday, hitting $6.23. The company’s stock had a trading volume of 4,520,538 shares, compared to its average volume of 3,273,303. The company has a 50 day moving average of $6.94 and a 200 day moving average of $7.69. The stock has a market cap of $2.68 billion, a PE ratio of -21.47 and a beta of 1.60. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. Under Armour has a 12-month low of $6.02 and a 12-month high of $10.62.

Under Armour (NYSE:UA – Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period in the previous year, the company posted $0.25 earnings per share.

Hedge Funds Weigh In On Under Armour

A number of large investors have recently added to or reduced their stakes in UA. Harbour Investments Inc. raised its position in Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock worth $26,000 after acquiring an additional 3,000 shares during the period. Bellwether Advisors LLC acquired a new position in Under Armour during the fourth quarter worth $29,000. Quarry LP acquired a new position in Under Armour during the fourth quarter worth $30,000. Sugar Maple Asset Management LLC acquired a new position in Under Armour during the fourth quarter worth $45,000. Finally, Kercheville Advisors LLC acquired a new position in Under Armour during the fourth quarter worth $75,000. 36.35% of the stock is currently owned by institutional investors and hedge funds.

Under Armour Company Profile

(Get Free Report)

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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