Under Armour Inc Class A (NYSE:UAA) Shorts Decreased by 1.85% After Short Covering

March 14, 2018 - By Henry Gaston

 Under Armour Inc Class A (NYSE:UAA) Shorts Decreased by 1.85% After Short Covering

The stock of Under Armour Inc Class A (NYSE:UAA) registered a decrease of 1.85% in short interest. UAA’s total short interest was 56.18 million shares in March as published by FINRA. Its down 1.85% from 57.24M shares, reported previously. With 6.84M shares average volume, it will take short sellers 8 days to cover their UAA’s short positions. The short interest to Under Armour Inc Class A’s float is 15.2%.

The stock decreased 2.93% or $0.48 during the last trading session, reaching $16.08. About 3.88 million shares traded. Under Armour, Inc. (NYSE:UAA) has declined 48.99% since March 14, 2017 and is downtrending. It has underperformed by 65.69% the S&P500.

Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company has market cap of $6.66 billion. The firm offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes. It currently has negative earnings. It also provides various footwear products, including running, basketball, cleated, slides and performance training, and outdoor footwear.

Under Armour, Inc. (NYSE:UAA) Ratings Coverage

Among 12 analysts covering Under Armour (NYSE:UAA), 2 have Buy rating, 4 Sell and 6 Hold. Therefore 17% are positive. Under Armour had 14 analyst reports since March 24, 2017 according to SRatingsIntel. Wedbush initiated the stock with “Neutral” rating in Wednesday, April 12 report. On Wednesday, November 1 the stock rating was downgraded by Suntrust Robinson to “Hold”. Stifel Nicolaus upgraded Under Armour, Inc. (NYSE:UAA) rating on Friday, December 15. Stifel Nicolaus has “Buy” rating and $17 target. The stock has “Reduce” rating by Nomura on Friday, November 10. The rating was downgraded by FBR Capital on Monday, April 3 to “Underperform”. The stock of Under Armour, Inc. (NYSE:UAA) has “Market Perform” rating given on Wednesday, November 1 by Telsey Advisory Group. The firm has “Neutral” rating given on Tuesday, November 7 by Susquehanna. Credit Suisse maintained the stock with “Underperform” rating in Friday, June 16 report. The rating was maintained by Stifel Nicolaus on Tuesday, October 17 with “Hold”. As per Wednesday, April 12, the company rating was maintained by Piper Jaffray.

More notable recent Under Armour, Inc. (NYSE:UAA) news were published by: Bizjournals.com which released: “Nike still dominant, but Under Armour surpasses Adidas for NCAA tournament teams” on March 12, 2018, also Usnews.com with their article: “Under Armour Stock Jumps on Improved Revenue” published on February 13, 2018, Investorplace.com published: “Under Armour Inc Still Isn’t Worth Touching With a 9-Foot Pole” on March 05, 2018. More interesting news about Under Armour, Inc. (NYSE:UAA) were released by: Fool.com and their article: “Under Armour vs. Fitbit by the numbers” published on March 04, 2018 as well as Thestreet.com‘s news article titled: “Buy Nike, Lululemon and Forget Under Armour? The Industry’s Top Stocks” with publication date: March 13, 2018.

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