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

Under Armour, Inc. (NYSE:UA) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 9,720,000 shares, a growth of 24.3% from the February 13th total of 7,820,000 shares. Approximately 7.4% of the company’s shares are sold short. Based on an average daily volume of 3,450,000 shares, the short-interest ratio is currently 2.8 days.

Under Armour Stock Performance

Under Armour stock opened at $6.21 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.67 billion, a PE ratio of -21.42 and a beta of 1.60. The firm has a fifty day simple moving average of $6.91 and a two-hundred day simple moving average of $7.68. Under Armour has a twelve month low of $6.02 and a twelve month high of $10.62.

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 analysts’ consensus estimates 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 previous year, the business earned $0.25 EPS.

Hedge Funds Weigh In On Under Armour

Hedge funds have recently modified their holdings of the company. BDT Capital Partners LLC increased its position in shares of Under Armour by 0.3% during the third quarter. BDT Capital Partners LLC now owns 60,000,000 shares of the company’s stock valued at $501,600,000 after buying an additional 161,901 shares during the period. Norges Bank purchased a new position in shares of Under Armour during the fourth quarter valued at about $18,688,000. American Century Companies Inc. increased its position in shares of Under Armour by 182.3% during the fourth quarter. American Century Companies Inc. now owns 2,250,631 shares of the company’s stock valued at $16,790,000 after buying an additional 1,453,399 shares during the period. Nuveen Asset Management LLC increased its position in shares of Under Armour by 58.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,132,175 shares of the company’s stock valued at $15,906,000 after buying an additional 790,518 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Under Armour by 26.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company’s stock valued at $13,489,000 after buying an additional 374,664 shares during the period. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Under Armour Company Profile

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.