Ultralife Corp. (NASDAQ:ULBI) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 179,900 shares, a decline of 11.3% from the June 30th total of 202,900 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 54,400 shares, the short-interest ratio is presently 3.3 days.

NASDAQ ULBI opened at $7.09 on Tuesday. The company has a quick ratio of 2.55, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. The stock has a market cap of $112.85 million, a P/E ratio of 17.32 and a beta of 1.34. Ultralife has a twelve month low of $4.85 and a twelve month high of $9.48. The company’s 50-day simple moving average is $6.82 and its 200 day simple moving average is $7.00.

In other Ultralife news, Director Bradford T. Whitmore purchased 5,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $7.43 per share, for a total transaction of $37,150.00. Following the completion of the transaction, the director now owns 563,902 shares in the company, valued at approximately $4,189,791.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradford T. Whitmore purchased 8,810 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $7.75 per share, for a total transaction of $68,277.50. In the last three months, insiders have purchased 16,488 shares of company stock worth $127,816. 38.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of ULBI. Marshall Wace North America L.P. bought a new stake in Ultralife during the first quarter worth about $36,000. Cambridge Investment Research Advisors Inc. bought a new stake in Ultralife during the first quarter worth about $55,000. Finally, Teton Advisors Inc. grew its stake in Ultralife by 23.6% during the first quarter. Teton Advisors Inc. now owns 182,000 shares of the technology company’s stock worth $946,000 after buying an additional 34,800 shares during the last quarter. 35.11% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the stock. TheStreet lowered shares of Ultralife from a “b-” rating to a “c+” rating in a research note on Friday, July 10th. ValuEngine lowered shares of Ultralife from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st.

Ultralife Company Profile

Ultralife Corporation designs, manufactures, installs, and maintains power, and communication and electronic systems for government, defense, and commercial sectors worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium ion cells, multi-kilowatt module lithium ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.

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