Under Armour, Inc. (NYSE:UA) Sees Large Decline in Short Interest

Under Armour, Inc. (NYSE:UA) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 10,080,000 shares, a decline of 19.4% from the March 15th total of 12,510,000 shares. Based on an average daily trading volume, of 4,290,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 7.7% of the shares of the stock are short sold.

Under Armour Price Performance

Shares of Under Armour stock traded down $0.07 on Monday, hitting $5.40. The company had a trading volume of 2,548,936 shares, compared to its average volume of 3,543,276. Under Armour has a 52 week low of $4.62 and a 52 week high of $10.62. The company has a market cap of $2.32 billion, a PE ratio of -18.62 and a beta of 1.45. The business has a 50-day simple moving average of $6.01 and a 200-day simple moving average of $7.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UA) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, beating 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 period last year, the business earned $0.25 earnings per share.

Hedge Funds Weigh In On Under Armour

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Under Armour in the 4th quarter valued at approximately $1,260,000. Boston Partners increased its holdings in shares of Under Armour by 1,317.3% in the 4th quarter. Boston Partners now owns 1,722,420 shares of the company’s stock valued at $12,852,000 after purchasing an additional 1,600,893 shares during the period. ABC Arbitrage SA acquired a new stake in shares of Under Armour during the fourth quarter worth approximately $819,000. Russell Investments Group Ltd. lifted its position in Under Armour by 305.1% in the 4th quarter. Russell Investments Group Ltd. now owns 822,470 shares of the company’s stock worth $6,136,000 after buying an additional 619,459 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Under Armour by 26.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company’s stock valued at $13,489,000 after acquiring an additional 374,664 shares in the last quarter. 36.35% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour

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.