Short Interest in Ultralife Co. (NASDAQ:ULBI) Grows By 32.8%

Ultralife Co. (NASDAQ:ULBI) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 286,400 shares, a growth of 32.8% from the February 13th total of 215,600 shares. Based on an average daily volume of 51,000 shares, the short-interest ratio is presently 5.6 days. Approximately 2.8% of the company’s shares are short sold.

Institutional Investors Weigh In On Ultralife

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc purchased a new stake in Ultralife in the 4th quarter valued at about $85,000. Bank of America Corp DE boosted its position in Ultralife by 30.7% in the 4th quarter. Bank of America Corp DE now owns 12,067 shares of the technology company’s stock valued at $90,000 after buying an additional 2,836 shares during the period. Barclays PLC boosted its position in Ultralife by 13.7% in the 4th quarter. Barclays PLC now owns 15,233 shares of the technology company’s stock valued at $113,000 after buying an additional 1,838 shares during the period. LSV Asset Management purchased a new stake in Ultralife in the 4th quarter valued at about $145,000. Finally, Nuveen Asset Management LLC boosted its position in Ultralife by 59.1% in the 4th quarter. Nuveen Asset Management LLC now owns 21,647 shares of the technology company’s stock valued at $161,000 after buying an additional 8,037 shares during the period. 30.68% of the stock is owned by hedge funds and other institutional investors.

Ultralife Stock Performance

Shares of NASDAQ:ULBI opened at $5.51 on Friday. The company has a market capitalization of $91.61 million, a price-to-earnings ratio of 10.02 and a beta of 1.05. Ultralife has a 12 month low of $5.31 and a 12 month high of $13.39. The firm’s 50-day moving average is $7.09 and its 200 day moving average is $8.03. The company has a current ratio of 3.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04.

About Ultralife

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems 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.