Under Armour, Inc. (NYSE:UA) Short Interest Update

Under Armour, Inc. (NYSE:UA) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 10,560,000 shares, an increase of 19.5% from the August 15th total of 8,840,000 shares. Currently, 6.4% of the company’s shares are short sold. Based on an average daily trading volume, of 3,080,000 shares, the days-to-cover ratio is currently 3.4 days.

Hedge Funds Weigh In On Under Armour

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Under Armour by 1.2% during the first quarter. Vanguard Group Inc. now owns 23,944,700 shares of the company’s stock worth $372,579,000 after purchasing an additional 281,621 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in shares of Under Armour by 7.6% during the second quarter. ArrowMark Colorado Holdings LLC now owns 8,556,699 shares of the company’s stock valued at $57,415,000 after buying an additional 605,395 shares during the last quarter. BDT Capital Partners LLC bought a new stake in shares of Under Armour during the first quarter valued at approximately $63,496,000. State Street Corp lifted its holdings in shares of Under Armour by 3.6% in the third quarter. State Street Corp now owns 5,671,493 shares of the company’s stock worth $33,802,000 after buying an additional 197,819 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Under Armour by 62.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,291,864 shares of the company’s stock worth $35,508,000 after acquiring an additional 2,031,096 shares during the last quarter. 34.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Under Armour from a “c-” rating to a “d+” rating in a report on Tuesday, August 8th.

Under Armour Stock Performance

Shares of UA stock traded down $0.20 on Monday, reaching $6.51. The stock had a trading volume of 3,405,626 shares, compared to its average volume of 3,095,406. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 2.04. Under Armour has a 1 year low of $5.74 and a 1 year high of $11.41. The stock has a market cap of $2.90 billion, a P/E ratio of 7.80 and a beta of 1.63. The company has a 50 day simple moving average of $7.03 and a 200 day simple moving average of $7.32.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter. Under Armour had a net margin of 6.60% and a return on equity of 13.59%. The company had revenue of $1.32 billion for the quarter.

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.