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

Under Armour, Inc. (NYSE:UA - Get Free Report) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 9,720,000 shares, an increase of 24.3% from the February 13th total of 7,820,000 shares. Based on an average daily volume of 3,450,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 7.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Under Armour

Institutional investors have recently modified their holdings of the business. Fielder Capital Group LLC boosted its stake in Under Armour by 17.9% in the fourth quarter. Fielder Capital Group LLC now owns 12,489 shares of the company's stock valued at $93,000 after buying an additional 1,898 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Under Armour by 3.5% in the fourth quarter. Amalgamated Bank now owns 62,753 shares of the company's stock worth $468,000 after acquiring an additional 2,106 shares during the last quarter. Mariner LLC boosted its stake in shares of Under Armour by 9.0% in the 4th quarter. Mariner LLC now owns 35,094 shares of the company's stock valued at $262,000 after purchasing an additional 2,894 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Under Armour by 23.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the company's stock valued at $114,000 after purchasing an additional 2,930 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in Under Armour by 592.9% during the 4th quarter. Harbour Investments Inc. now owns 3,506 shares of the company's stock worth $26,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 36.35% of the company's stock.

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Under Armour Price Performance

UA traded up $0.01 on Friday, hitting $6.11. 5,379,820 shares of the stock were exchanged, compared to its average volume of 3,281,329. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -21.06 and a beta of 1.60. 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 has a 12 month low of $5.93 and a 12 month high of $10.62. The business has a 50-day moving average of $6.86 and a two-hundred day moving average of $7.66.

Under Armour (NYSE:UA - Get Free Report) 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 negative net margin of 2.39% and a positive return on equity of 11.03%. During the same quarter in the prior year, the firm posted $0.25 earnings per share.

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.