Will Under Armour Inc Class A (NYSE:UAA) Run Out of Steam Soon? Short Interest Is Down

March 14, 2018 - By Vivian Park

 Will Under Armour Inc Class A (NYSE:UAA) Run Out of Steam Soon? Short Interest Is Down

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 56.18M shares in March as published by FINRA. Its down 1.85% from 57.24 million 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. As per Friday, April 28, the company rating was maintained by UBS. The stock of Under Armour, Inc. (NYSE:UAA) earned “Neutral” rating by Susquehanna on Tuesday, November 7. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, April 12. The firm has “Reduce” rating given on Friday, November 10 by Nomura. The stock of Under Armour, Inc. (NYSE:UAA) earned “Market Perform” rating by Telsey Advisory Group on Friday, April 28. The stock has “Market Perform” rating by Telsey Advisory Group on Wednesday, November 1. Suntrust Robinson downgraded Under Armour, Inc. (NYSE:UAA) on Wednesday, November 1 to “Hold” rating. On Friday, December 15 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The firm has “Neutral” rating by Wedbush given on Wednesday, April 12. Jefferies upgraded Under Armour, Inc. (NYSE:UAA) on Friday, March 24 to “Buy” rating.

More notable recent Under Armour, Inc. (NYSE:UAA) news were published by: Fool.com which released: “Better Buy: NIKE, Inc. vs. Under Armour” on February 25, 2018, also Usnews.com with their article: “Under Armour Stock Jumps on Improved Revenue” published on February 13, 2018, Thestreet.com published: “Buy Nike, Lululemon and Forget Under Armour? The Industry’s Top Stocks” on March 13, 2018. More interesting news about Under Armour, Inc. (NYSE:UAA) were released by: Investorplace.com and their article: “Under Armour Inc Still Isn’t Worth Touching With a 9-Foot Pole” published on March 05, 2018 as well as Fool.com‘s news article titled: “Under Armour vs. Fitbit by the numbers” with publication date: March 04, 2018.

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