Under Armour, Inc. (NYSE:UA) Sees Large Decline in Short Interest

Under Armour, Inc. (NYSE:UA) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,370,000 shares, a decrease of 24.8% from the December 15th total of 7,140,000 shares. Based on an average daily volume of 3,220,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 4.3% of the shares of the stock are short sold.

Insider Activity

In other Under Armour news, CFO David Bergman sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mehri Shadman sold 9,639 shares of the company’s 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 have sold 56,879 shares of company stock valued at $508,642 over the last three months. 15.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Under Armour by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company’s stock worth $72,415,000 after purchasing an additional 795,803 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Under Armour during the third quarter worth about $3,628,000. Assenagon Asset Management S.A. bought a new position in shares of Under Armour during the fourth quarter worth about $2,983,000. Verition Fund Management LLC acquired a new stake in Under Armour in the 3rd quarter valued at approximately $2,594,000. Finally, FMR LLC boosted its position in Under Armour by 841.6% during the 3rd quarter. FMR LLC now owns 189,275 shares of the company’s stock worth $1,582,000 after acquiring an additional 169,174 shares during the last quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

Under Armour Stock Down 1.0 %

Shares of UA traded down $0.07 on Wednesday, hitting $7.26. The company’s stock had a trading volume of 2,548,418 shares, compared to its average volume of 2,872,445. The company has a quick ratio of 1.24, a current ratio of 2.18 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -181.50 and a beta of 1.68. The firm’s fifty day moving average price is $8.24 and its 200-day moving average price is $7.73. Under Armour has a fifty-two week low of $6.02 and a fifty-two week high of $10.62.

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.