Ultrapar Participacoes S.A. (new) American Deposit (NYSE:UGP) Shorted Shares Increased 7.53% After Market Selling

March 14, 2018 - By Nellie Frank

 Ultrapar Participacoes S.A. (new) American Deposit (NYSE:UGP) Shorted Shares Increased 7.53% After Market Selling

The stock of Ultrapar Participacoes S.A. (new) American Deposit (NYSE:UGP) registered an increase of 7.53% in short interest. UGP’s total short interest was 1.76 million shares in March as published by FINRA. Its up 7.53% from 1.63 million shares, reported previously. With 428,800 shares average volume, it will take short sellers 4 days to cover their UGP’s short positions. The short interest to Ultrapar Participacoes S.A. (new) American Deposit’s float is 0.46%.

The stock decreased 0.27% or $0.06 during the last trading session, reaching $22.22. About 187,929 shares traded. Ultrapar Participações S.A. (NYSE:UGP) has risen 14.70% since March 14, 2017 and is uptrending. It has underperformed by 2.00% the S&P500.

Ultrapar Participações S.A., through its subsidiaries, engages in the liquefied petroleum gas distribution, fuel distribution, and related businesses. The company has market cap of $11.84 billion. It operates through five divisions: Gas Distribution, Fuel Distribution, Chemicals, Storage, and Drugstores. It has a 25.11 P/E ratio. The Gas Distribution segment distributes LPG to residential, commercial, and industrial consumers, as well as independent dealers, principally in the South, Southeast, and Northeast regions of Brazil.

Ultrapar Participações S.A. (NYSE:UGP) Ratings Coverage

Among 3 analysts covering Ultrapar Participacoes SA (NYSE:UGP), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Ultrapar Participacoes SA had 5 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was upgraded by Zacks on Wednesday, August 19 to “Sell”. The firm earned “Neutral” rating on Thursday, September 24 by Goldman Sachs. The company was downgraded on Tuesday, April 11 by Citigroup. The stock of Ultrapar Participações S.A. (NYSE:UGP) earned “Underperform” rating by Bank of America on Thursday, August 10. The rating was upgraded by Citigroup on Friday, November 18 to “Buy”.

More news for Ultrapar Participações S.A. (NYSE:UGP) were recently published by: Investorplace.com, which released: “7 Top Emerging Markets Stocks to Buy Now” on April 17, 2017. Marketwatch.com‘s article titled: “Ultrapar Participacoes S/A ADR” and published on November 26, 2016 is yet another important article.

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