Under Armour, Inc. (NYSE:UA) Sees Significant Growth in Short Interest

Under Armour, Inc. (NYSE:UA - Get Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 12,510,000 shares, a growth of 28.7% from the February 28th total of 9,720,000 shares. Approximately 9.6% of the shares of the company are short sold. Based on an average daily trading volume, of 3,600,000 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Trading of Under Armour

Large investors have recently made changes to their positions in the company. Boston Partners boosted its holdings in Under Armour by 1,317.3% in the 4th quarter. Boston Partners now owns 1,722,420 shares of the company's stock valued at $12,852,000 after purchasing an additional 1,600,893 shares during the last quarter. BDT Capital Partners LLC lifted its holdings in 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 acquiring an additional 161,901 shares during the last quarter. ABC Arbitrage SA acquired a new position in Under Armour in the fourth quarter valued at approximately $819,000. BNP Paribas Financial Markets increased its stake 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 acquiring an additional 111,027 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Under Armour during the fourth quarter worth $1,260,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Stock Performance

Shares of NYSE:UA traded down $0.13 during midday trading on Friday, reaching $5.03. The company's stock had a trading volume of 7,257,259 shares, compared to its average volume of 3,435,797. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average of $6.58 and a 200 day moving average of $7.57. Under Armour has a twelve month low of $4.63 and a twelve month high of $10.62. The firm has a market capitalization of $2.16 billion, a PE ratio of -17.26 and a beta of 1.60.

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Under Armour (NYSE:UA - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, topping 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 quarter in the prior year, the company posted $0.25 EPS.

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.