Under Armour, Inc. (NYSE:UA) Short Interest Down 19.4% in March

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

Under Armour Price Performance

NYSE UA traded up $0.17 during trading on Wednesday, hitting $5.69. 367,840 shares of the stock traded hands, compared to its average volume of 3,532,357. The company has a market capitalization of $2.45 billion, a P/E ratio of -19.62 and a beta of 1.45. Under Armour has a 12-month low of $4.62 and a 12-month high of $10.62. The firm has a 50-day simple moving average of $5.98 and a 200-day simple moving average of $7.29. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) 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 last year, the company posted $0.25 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UA. Harbour Investments Inc. boosted its holdings in shares of 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 buying an additional 3,000 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in Under Armour in the 4th quarter worth approximately $29,000. Quarry LP acquired a new stake in Under Armour during the 4th quarter valued at approximately $30,000. Sugar Maple Asset Management LLC purchased a new position in shares of Under Armour during the 4th quarter valued at approximately $45,000. Finally, Kercheville Advisors LLC purchased a new position in shares of Under Armour during the 4th quarter valued at approximately $75,000. Hedge funds and other 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.