Short Interest in Under Armour, Inc. (NYSE:UAA) Decreases By 15.6%

Under Armour, Inc. (NYSE:UAA) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 25,530,000 shares, a drop of 15.6% from the December 15th total of 30,260,000 shares. Based on an average trading volume of 10,330,000 shares, the short-interest ratio is presently 2.5 days. Currently, 13.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UAA shares. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price target on shares of Under Armour in a research report on Friday, December 13th. Truist Financial increased their price target on Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Barclays reduced their price objective on shares of Under Armour from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Argus downgraded shares of Under Armour from a “buy” rating to a “hold” rating in a report on Thursday. Finally, UBS Group raised their target price on shares of Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Under Armour currently has an average rating of “Hold” and an average price target of $9.28.

Under Armour Price Performance

Under Armour stock traded up $0.11 during trading hours on Friday, reaching $8.19. 7,374,811 shares of the stock were exchanged, compared to its average volume of 7,558,799. The stock has a 50 day moving average of $9.04 and a two-hundred day moving average of $8.30. The company has a market cap of $3.54 billion, a P/E ratio of -272.74 and a beta of 1.70. The company has a current ratio of 2.18, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. Under Armour has a twelve month low of $6.17 and a twelve month high of $11.89.

Insider Activity

In related news, CFO David Bergman sold 30,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total transaction of $272,700.00. Following the transaction, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. The trade was a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mehri Shadman sold 9,639 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $8.81, for a total transaction of $84,919.59. Following the completion of the sale, the insider now owns 172,899 shares of the company’s stock, valued at approximately $1,523,240.19. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,879 shares of company stock worth $508,642 in the last quarter. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Under Armour by 37.4% in the fourth quarter. SG Americas Securities LLC now owns 158,541 shares of the company’s stock valued at $1,313,000 after buying an additional 43,158 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Under Armour by 7.6% in the 4th quarter. MCF Advisors LLC now owns 20,187 shares of the company’s stock valued at $167,000 after purchasing an additional 1,419 shares in the last quarter. M.E. Allison & CO. Inc. bought a new stake in shares of Under Armour during the 4th quarter valued at approximately $156,000. Kera Capital Partners Inc. acquired a new position in Under Armour during the 4th quarter worth approximately $189,000. Finally, Marcum Wealth LLC bought a new position in Under Armour in the 4th quarter valued at approximately $395,000. 34.58% of the stock is owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.