Unifi, Inc. (NYSE:UFI) Sees Large Increase in Short Interest

Unifi, Inc. (NYSE:UFI) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 266,200 shares, an increase of 16.6% from the February 13th total of 228,300 shares. Based on an average daily volume of 64,800 shares, the short-interest ratio is presently 4.1 days. Approximately 1.8% of the company’s shares are sold short.

Unifi Trading Down 4.0 %

Shares of NYSE UFI traded down $0.21 during mid-day trading on Wednesday, hitting $4.98. 72,696 shares of the company traded hands, compared to its average volume of 58,926. The business has a 50 day moving average of $5.72 and a two-hundred day moving average of $6.10. The stock has a market capitalization of $91.30 million, a price-to-earnings ratio of -2.72 and a beta of 0.80. The company has a quick ratio of 1.46, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. Unifi has a 1 year low of $4.89 and a 1 year high of $7.91.

Unifi (NYSE:UFI) last announced its quarterly earnings data on Wednesday, February 5th. The textile maker reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.31). Unifi had a negative return on equity of 14.49% and a negative net margin of 5.62%. On average, sell-side analysts anticipate that Unifi will post -2.25 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kenneth G. Langone bought 16,097 shares of Unifi stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $5.55 per share, with a total value of $89,338.35. Following the completion of the acquisition, the director now directly owns 2,352,000 shares in the company, valued at approximately $13,053,600. This trade represents a 0.69 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Unifi

Hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP increased its position in Unifi by 279.2% in the 3rd quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock worth $442,000 after purchasing an additional 44,332 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Unifi by 25.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock worth $110,000 after purchasing an additional 3,000 shares during the last quarter. Empowered Funds LLC increased its position in Unifi by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 36,304 shares of the textile maker’s stock worth $266,000 after purchasing an additional 1,742 shares during the last quarter. Minerva Advisors LLC increased its position in Unifi by 11.2% in the 3rd quarter. Minerva Advisors LLC now owns 810,228 shares of the textile maker’s stock worth $5,947,000 after purchasing an additional 81,742 shares during the last quarter. Finally, State Street Corp increased its position in Unifi by 5.7% in the 3rd quarter. State Street Corp now owns 58,922 shares of the textile maker’s stock worth $432,000 after purchasing an additional 3,200 shares during the last quarter. 67.67% of the stock is owned by hedge funds and other institutional investors.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.