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

Under Armour, Inc. (NYSE:UA) was the target of a significant growth in short interest in 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. Approximately 7.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,450,000 shares, the days-to-cover ratio is presently 2.8 days.

Under Armour Price Performance

Shares of Under Armour stock traded down $0.16 during trading hours on Tuesday, reaching $6.23. 4,520,538 shares of the company’s stock were exchanged, compared to its average volume of 3,273,303. Under Armour has a 1 year low of $6.02 and a 1 year high of $10.62. The company has a market capitalization of $2.68 billion, a P/E ratio of -21.47 and a beta of 1.60. The business has a fifty day moving average of $6.94 and a two-hundred day moving average of $7.69. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA) last released its earnings results on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $0.25 earnings per share.

Institutional Investors Weigh In On Under Armour

A number of large investors have recently modified their holdings of the business. Fielder Capital Group LLC grew its holdings in shares of Under Armour by 17.9% during the fourth quarter. Fielder Capital Group LLC now owns 12,489 shares of the company’s stock worth $93,000 after buying an additional 1,898 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Under Armour by 3.5% in the fourth quarter. Amalgamated Bank now owns 62,753 shares of the company’s stock valued at $468,000 after purchasing an additional 2,106 shares during the period. Mariner LLC grew its holdings in shares of Under Armour by 9.0% in the fourth quarter. Mariner LLC now owns 35,094 shares of the company’s stock valued at $262,000 after purchasing an additional 2,894 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Under Armour by 23.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the company’s stock valued at $114,000 after purchasing an additional 2,930 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of Under Armour by 592.9% in the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock valued at $26,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Company Profile

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.