Ultralife Co. (NASDAQ:ULBI) Short Interest Up 32.8% in February

Ultralife Co. (NASDAQ:ULBI) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 286,400 shares, an increase of 32.8% from the February 13th total of 215,600 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average trading volume of 51,000 shares, the days-to-cover ratio is currently 5.6 days.

Ultralife Stock Up 4.4 %

Shares of NASDAQ:ULBI opened at $5.75 on Tuesday. Ultralife has a 12 month low of $5.31 and a 12 month high of $13.39. The company’s 50-day moving average price is $7.06 and its two-hundred day moving average price is $7.97. The company has a quick ratio of 1.62, a current ratio of 3.30 and a debt-to-equity ratio of 0.04. The firm has a market cap of $95.61 million, a P/E ratio of 10.45 and a beta of 1.05.

Institutional Investors Weigh In On Ultralife

A number of hedge funds have recently added to or reduced their stakes in the stock. Visionary Wealth Advisors grew its holdings in Ultralife by 17.1% during the 4th quarter. Visionary Wealth Advisors now owns 1,292,836 shares of the technology company’s stock worth $9,632,000 after acquiring an additional 188,384 shares during the last quarter. Squarepoint Ops LLC lifted its position in Ultralife by 47.1% during the 4th quarter. Squarepoint Ops LLC now owns 42,261 shares of the technology company’s stock valued at $315,000 after purchasing an additional 13,538 shares during the period. Nuveen Asset Management LLC lifted its position in Ultralife by 59.1% during the 4th quarter. Nuveen Asset Management LLC now owns 21,647 shares of the technology company’s stock valued at $161,000 after purchasing an additional 8,037 shares during the period. Bank of America Corp DE lifted its position in Ultralife by 30.7% during the 4th quarter. Bank of America Corp DE now owns 12,067 shares of the technology company’s stock valued at $90,000 after purchasing an additional 2,836 shares during the period. Finally, Northern Trust Corp lifted its position in Ultralife by 8.0% during the 4th quarter. Northern Trust Corp now owns 87,633 shares of the technology company’s stock valued at $653,000 after purchasing an additional 6,484 shares during the period. Institutional investors own 30.68% of the company’s stock.

Ultralife Company Profile

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.