Under Armour, Inc. (NYSE:UA) Short Interest Up 28.7% in March

Under Armour, Inc. (NYSE:UA) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 12,510,000 shares, an increase of 28.7% from the February 28th total of 9,720,000 shares. Based on an average daily trading volume, of 3,600,000 shares, the days-to-cover ratio is presently 3.5 days. Approximately 9.6% of the company’s stock are sold short.

Under Armour Stock Up 3.6 %

UA stock traded up $0.22 during midday trading on Wednesday, reaching $6.32. The company had a trading volume of 4,674,139 shares, compared to its average volume of 3,370,973. The company has a 50 day moving average of $6.65 and a two-hundred day moving average of $7.60. 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 1 year low of $5.85 and a 1 year high of $10.62. The company has a market capitalization of $2.72 billion, a P/E ratio of -21.79 and a beta of 1.60.

Under Armour (NYSE:UA) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter last year, the business earned $0.25 earnings per share.

Institutional Investors Weigh In On Under Armour

Several large investors have recently made changes to their positions 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 valued at $26,000 after acquiring an additional 3,000 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in shares of Under Armour in the 4th quarter valued at $29,000. Quarry LP acquired a new stake in shares of Under Armour in the 4th quarter valued at $30,000. Sugar Maple Asset Management LLC bought a new stake in Under Armour in the fourth quarter worth $45,000. Finally, Kercheville Advisors LLC acquired a new position in Under Armour during the fourth quarter worth $75,000. 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.