Unifi, Inc. (NYSE:UFI) Short Interest Update

Unifi, Inc. (NYSE:UFI - Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 266,200 shares, a growth of 16.6% from the February 13th total of 228,300 shares. Currently, 1.8% of the company's stock are sold short. Based on an average daily trading volume, of 64,800 shares, the days-to-cover ratio is presently 4.1 days.

Unifi Stock Performance

Unifi stock traded down $0.03 during mid-day trading on Friday, reaching $5.02. The company's stock had a trading volume of 57,983 shares, compared to its average volume of 58,904. The firm has a market cap of $92.03 million, a price-to-earnings ratio of -2.74 and a beta of 0.80. The business has a 50 day moving average price of $5.67 and a 200-day moving average price of $6.07. The company has a current ratio of 3.44, a quick ratio of 1.46 and a debt-to-equity ratio of 0.52. Unifi has a twelve month low of $4.83 and a twelve month high of $7.91.

Unifi (NYSE:UFI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The textile maker reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.31). Unifi had a negative return on equity of 14.49% and a negative net margin of 5.62%. Sell-side analysts predict that Unifi will post -2.25 EPS for the current fiscal year.

Insider Transactions at Unifi

In other Unifi news, Director Kenneth G. Langone acquired 16,097 shares of the firm's stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $5.55 per share, with a total value of $89,338.35. Following the completion of the acquisition, the director now directly owns 2,352,000 shares in the company, valued at $13,053,600. This trade represents a 0.69 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 17.85% of the company's stock.

Remove Ads

Hedge Funds Weigh In On Unifi

A number of hedge funds have recently added to or reduced their stakes in the business. Peapod Lane Capital LLC bought a new stake in Unifi in the fourth quarter valued at $3,191,000. 22NW LP bought a new stake in Unifi in the fourth quarter valued at $1,461,000. Minerva Advisors LLC lifted its stake in Unifi by 11.2% in the third quarter. Minerva Advisors LLC now owns 810,228 shares of the textile maker's stock valued at $5,947,000 after buying an additional 81,742 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Unifi by 279.2% in the third quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker's stock valued at $442,000 after buying an additional 44,332 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Unifi by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 703,151 shares of the textile maker's stock valued at $4,394,000 after buying an additional 25,156 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company's stock.

About Unifi

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.