Short Interest in Under Armour, Inc. (NYSE:UA) Increases By 24.3%

Under Armour, Inc. (NYSE:UA) saw a large increase in short interest in the month of 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. Approximately 7.4% of the company’s stock are sold short. Based on an average daily volume of 3,450,000 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Under Armour

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Under Armour during the fourth quarter worth about $18,688,000. Boston Partners increased its stake in shares of Under Armour by 1,317.3% during the 4th quarter. Boston Partners now owns 1,722,420 shares of the company’s stock worth $12,852,000 after purchasing an additional 1,600,893 shares in the last quarter. American Century Companies Inc. raised its position in shares of Under Armour by 182.3% during the 4th quarter. American Century Companies Inc. now owns 2,250,631 shares of the company’s stock worth $16,790,000 after purchasing an additional 1,453,399 shares during the last quarter. Bank of America Corp DE lifted its stake in Under Armour by 617.4% in the 4th quarter. Bank of America Corp DE now owns 1,555,160 shares of the company’s stock valued at $11,601,000 after buying an additional 1,338,376 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Under Armour by 1,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,374,220 shares of the company’s stock valued at $10,245,000 after buying an additional 1,287,088 shares during the last quarter. 36.35% of the stock is owned by institutional investors and hedge funds.

Under Armour Stock Up 2.5 %

Under Armour stock traded up $0.16 during mid-day trading on Monday, hitting $6.38. The company had a trading volume of 4,164,454 shares, compared to its average volume of 3,251,622. 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 has a 1 year low of $6.02 and a 1 year high of $10.62. The business has a fifty day moving average of $6.94 and a 200 day moving average of $7.69. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of -21.98 and a beta of 1.60.

Under Armour (NYSE:UA) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.25 earnings per share.

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.