Short Interest in Under Armour, Inc. (NYSE:UA) Expands By 28.7%

Under Armour, Inc. (NYSE:UA) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 12,510,000 shares, a growth of 28.7% from the February 28th total of 9,720,000 shares. Currently, 9.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,600,000 shares, the short-interest ratio is currently 3.5 days.

Under Armour Price Performance

Shares of NYSE:UA traded up $0.22 on Wednesday, reaching $6.32. 4,674,139 shares of the company traded hands, compared to its average volume of 3,370,973. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. The stock has a market capitalization of $2.72 billion, a PE ratio of -21.79 and a beta of 1.60. The company’s 50 day moving average is $6.65 and its 200-day moving average is $7.60. Under Armour has a fifty-two week low of $5.85 and a fifty-two week high of $10.62.

Under Armour (NYSE:UA) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same period in the previous year, the company posted $0.25 EPS.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently made changes to their positions in UA. BDT Capital Partners LLC raised its stake in Under Armour by 0.3% during the 3rd quarter. BDT Capital Partners LLC now owns 60,000,000 shares of the company’s stock valued at $501,600,000 after purchasing 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 $18,688,000. American Century Companies Inc. raised its position in 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 lifted its stake in Under Armour by 58.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,132,175 shares of the company’s stock worth $15,906,000 after acquiring an additional 790,518 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Under Armour by 26.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company’s stock worth $13,489,000 after acquiring 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.