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

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

Under Armour Stock Performance

NYSE UA opened at $6.21 on Wednesday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of -21.42 and a beta of 1.60. Under Armour has a twelve month low of $6.02 and a twelve month high of $10.62. The stock has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $7.68. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company posted $0.25 earnings per share.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in UA. Harbour Investments Inc. lifted its position in Under Armour by 592.9% in the 4th 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 purchased a new stake in shares of Under Armour during the 4th quarter worth approximately $29,000. Quarry LP purchased a new position in Under Armour in the 4th quarter valued at approximately $30,000. Sugar Maple Asset Management LLC purchased a new position in Under Armour in the 4th quarter valued at approximately $45,000. Finally, Kercheville Advisors LLC bought a new position in Under Armour in the 4th quarter valued at $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.