Under Armour, Inc. (NYSE:UA) Short Interest Update

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 volume of 3,600,000 shares, the short-interest ratio is presently 3.5 days. Currently, 9.6% of the company’s stock are short sold.

Under Armour Stock Down 0.6 %

Shares of UA traded down $0.04 during midday trading on Monday, hitting $5.97. The stock had a trading volume of 3,139,621 shares, compared to its average volume of 3,356,168. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -20.57 and a beta of 1.60. The company has a 50 day simple moving average of $6.68 and a two-hundred day simple moving average of $7.61. Under Armour has a twelve month low of $5.86 and a twelve month high of $10.62. 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 released its earnings results on Thursday, February 13th. The company reported $0.08 EPS 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 in the previous year, the business posted $0.25 EPS.

Hedge Funds Weigh In On Under Armour

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Under Armour by 841.6% during the 3rd quarter. FMR LLC now owns 189,275 shares of the company’s stock worth $1,582,000 after purchasing an additional 169,174 shares during the last quarter. BNP Paribas Financial Markets increased its position in Under Armour by 781.7% during the third quarter. BNP Paribas Financial Markets now owns 125,230 shares of the company’s stock worth $1,047,000 after buying an additional 111,027 shares during the last quarter. Verition Fund Management LLC bought a new stake in Under Armour in the third quarter valued at approximately $2,594,000. BDT Capital Partners LLC lifted its position in shares of Under Armour by 0.3% in the third quarter. BDT Capital Partners LLC now owns 60,000,000 shares of the company’s stock valued at $501,600,000 after buying an additional 161,901 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Under Armour by 45.2% in the third quarter. Quantinno Capital Management LP now owns 104,477 shares of the company’s stock valued at $873,000 after buying an additional 32,503 shares during 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.