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

Ultralife Co. (NASDAQ:ULBIGet Free Report) 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

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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.

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