Short Interest in Under Armour, Inc. (NYSE:UAA) Declines By 15.6%

Under Armour, Inc. (NYSE:UAA) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 25,530,000 shares, a drop of 15.6% from the December 15th total of 30,260,000 shares. Approximately 13.6% of the company’s shares are short sold. Based on an average daily volume of 10,330,000 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analyst Weigh In

UAA has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Under Armour from $8.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Morgan Stanley reiterated an “underweight” rating and set a $4.00 price objective on shares of Under Armour in a research report on Friday, December 13th. Robert W. Baird boosted their target price on shares of Under Armour from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. UBS Group increased their price target on Under Armour from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 price objective on shares of Under Armour in a research note on Friday, December 13th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Under Armour has a consensus rating of “Hold” and a consensus target price of $9.28.

Under Armour Stock Up 1.3 %

Shares of NYSE:UAA traded up $0.11 during trading on Friday, reaching $8.19. 7,374,811 shares of the stock were exchanged, compared to its average volume of 7,558,799. Under Armour has a 1-year low of $6.17 and a 1-year high of $11.89. The stock has a fifty day moving average of $9.04 and a two-hundred day moving average of $8.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.24. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -272.74 and a beta of 1.70.

Insider Buying and Selling at Under Armour

In related news, CFO David Bergman sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the completion of the sale, the chief financial officer now directly owns 494,210 shares in the company, valued at $4,492,368.90. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mehri Shadman sold 17,240 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.76, for a total value of $151,022.40. Following the transaction, the insider now directly owns 182,538 shares of the company’s stock, valued at approximately $1,599,032.88. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by insiders.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP grew its holdings in shares of Under Armour by 288.1% during the third quarter. Quantbot Technologies LP now owns 423,311 shares of the company’s stock valued at $3,772,000 after buying an additional 314,226 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in Under Armour by 1.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after purchasing an additional 70,731 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Under Armour during the 3rd quarter worth approximately $576,000. International Assets Investment Management LLC increased its holdings in Under Armour by 2,413.5% during the 3rd quarter. International Assets Investment Management LLC now owns 71,636 shares of the company’s stock worth $638,000 after purchasing an additional 68,786 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Under Armour by 48.1% in the third quarter. BNP Paribas Financial Markets now owns 613,917 shares of the company’s stock worth $5,470,000 after purchasing an additional 199,348 shares during the last quarter. Institutional investors own 34.58% of the company’s stock.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing 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.