Unique Fabricating, Inc. (NYSEAMERICAN:UFAB) Sees Large Increase in Short Interest

Unique Fabricating, Inc. (NYSEAMERICAN:UFAB) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 543,100 shares, a growth of 621.2% from the September 15th total of 75,300 shares. Currently, 8.6% of the company’s stock are sold short. Based on an average trading volume of 939,200 shares, the days-to-cover ratio is presently 0.6 days.

UFAB traded up $0.10 during trading on Thursday, reaching $3.29. 4,400 shares of the company’s stock were exchanged, compared to its average volume of 376,444. Unique Fabricating has a fifty-two week low of $2.31 and a fifty-two week high of $7.51. The company has a market capitalization of $32.18 million, a P/E ratio of -11.39 and a beta of 1.64.

Unique Fabricating (NYSEAMERICAN:UFAB) last posted its quarterly earnings results on Thursday, August 12th. The auto parts company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.10). Unique Fabricating had a negative return on equity of 8.17% and a negative net margin of 1.97%. The business had revenue of $30.90 million for the quarter, compared to analyst estimates of $32.00 million. On average, analysts forecast that Unique Fabricating will post -0.03 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut shares of Unique Fabricating from a “hold” rating to a “strong sell” rating in a report on Saturday, October 9th.

In other news, major shareholder Fund V. Limited Partn Peninsula acquired 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 21st. The shares were acquired at an average price of $2.25 per share, with a total value of $337,500.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.58% of the company’s stock.

Large investors have recently modified their holdings of the company. Morgan Stanley boosted its stake in shares of Unique Fabricating by 118.9% in the 1st quarter. Morgan Stanley now owns 6,130 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 3,330 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Unique Fabricating in the first quarter valued at about $70,000. Geode Capital Management LLC raised its holdings in shares of Unique Fabricating by 139.6% in the second quarter. Geode Capital Management LLC now owns 30,623 shares of the auto parts company’s stock valued at $113,000 after buying an additional 17,844 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Unique Fabricating by 11.7% in the first quarter. BlackRock Inc. now owns 23,943 shares of the auto parts company’s stock valued at $143,000 after buying an additional 2,508 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Unique Fabricating by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 36,681 shares of the auto parts company’s stock valued at $202,000 after buying an additional 3,005 shares during the last quarter. Institutional investors own 21.95% of the company’s stock.

About Unique Fabricating

Unique Fabricating, Inc engages in the engineering, manufacture and sale of foam, rubber and plastic components. Its products are used in noise, vibration and harshness, acoustical management, water and air sealing, decorative and other functional applications. The company was founded in 1975 and is headquartered in Auburn Hills, MI.

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