Ultralife Co. (NASDAQ:ULBI) Short Interest Up 32.8% in February

Ultralife Co. (NASDAQ:ULBI) was the recipient of a significant growth in short interest in 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. Approximately 2.8% of the shares of the company are short sold. Based on an average daily trading volume, of 51,000 shares, the short-interest ratio is presently 5.6 days.

Ultralife Stock Up 4.4 %

ULBI opened at $5.75 on Tuesday. Ultralife has a fifty-two week low of $5.31 and a fifty-two week high of $13.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.30 and a quick ratio of 1.62. The firm’s fifty day moving average price is $7.06 and its two-hundred day moving average price is $7.97. The company has a market capitalization of $95.61 million, a P/E ratio of 10.45 and a beta of 1.05.

Institutional Investors Weigh In On Ultralife

Institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Ultralife by 13.7% in the 4th quarter. Barclays PLC now owns 15,233 shares of the technology company’s stock worth $113,000 after purchasing an additional 1,838 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ultralife by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 232,681 shares of the technology company’s stock worth $2,104,000 after purchasing an additional 2,835 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Ultralife by 30.7% in the 4th quarter. Bank of America Corp DE now owns 12,067 shares of the technology company’s stock worth $90,000 after purchasing an additional 2,836 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Ultralife by 11.6% in the 4th quarter. Marshall Wace LLP now owns 32,885 shares of the technology company’s stock worth $245,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Ultralife by 0.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 447,000 shares of the technology company’s stock worth $3,330,000 after purchasing an additional 3,850 shares during the last quarter. Institutional investors and hedge funds own 30.68% of the company’s stock.

Ultralife Company Profile

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.