Ultrapar Participacoes S.A. (new) American Deposit (NYSE:UGP) Shorted Shares Increased By 45.47%

June 13, 2018 - By Marie Mckinney

Ultrapar Participações S.A. (NYSE:UGP) Logo

The stock of Ultrapar Participacoes S.A. (new) American Deposit (NYSE:UGP) registered an increase of 45.47% in short interest. UGP’s total short interest was 2.18M shares in June as published by FINRA. Its up 45.47% from 1.50 million shares, reported previously. With 644,300 shares average volume, it will take short sellers 3 days to cover their UGP’s short positions. The short interest to Ultrapar Participacoes S.A. (new) American Deposit’s float is 0.57%.

The stock decreased 2.70% or $0.37 during the last trading session, reaching $13.31. About 462,005 shares traded. Ultrapar Participações S.A. (NYSE:UGP) has declined 41.87% since June 13, 2017 and is downtrending. It has underperformed by 54.44% 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 $6.97 billion. It operates through five divisions: Gas Distribution, Fuel Distribution, Chemicals, Storage, and Drugstores. It has a 15.06 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.

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