Could Unique Fabricating Inc (NYSEAMERICAN:UFAB) Change Direction After More Shorts?

June 13, 2018 - By Nellie Frank

The stock of Unique Fabricating Inc (NYSEAMERICAN:UFAB) registered an increase of 3.94% in short interest. UFAB’s total short interest was 105,600 shares in June as published by FINRA. Its up 3.94% from 101,600 shares, reported previously. With 32,500 shares average volume, it will take short sellers 3 days to cover their UFAB’s short positions. The short interest to Unique Fabricating Inc’s float is 1.57%.

The stock increased 0.23% or $0.02 during the last trading session, reaching $8.82. About 4,755 shares traded. Unique Fabricating, Inc. (NYSEAMERICAN:UFAB) has declined 5.57% since June 13, 2017 and is downtrending. It has underperformed by 18.14% the S&P500.

Unique Fabricating, Inc. engineers and makes multi-material foam, rubber, and plastic components utilized in noise, vibration, and harshness, acoustical management, water and air sealing, decorative, and other functional applications. The company has market cap of $86.14 million. It offers die cut products, such as HVAC seal, trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation; thermoformed and compression molded products, including HVAC duct module, door watershield, console bin mat, and air duct; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals. It has a 14.7 P/E ratio. The firm sells its products to original equipment manufacturers and tiered suppliers in the automotive, appliance, water heater and heating, ventilation, and air conditioning industries in North America.

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