Short Interest in Ultralife Co. (NASDAQ:ULBI) Drops By 38.1%

Ultralife Co. (NASDAQ:ULBI - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 65,400 shares, a decline of 38.1% from the March 31st total of 105,600 shares. Based on an average daily volume of 59,000 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the company's shares are sold short.

Analyst Upgrades and Downgrades

ULBI has been the subject of several research analyst reports. Benchmark lifted their price objective on shares of Ultralife from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. StockNews.com upgraded shares of Ultralife from a "buy" rating to a "strong-buy" rating in a research note on Wednesday.

Ultralife Trading Up 6.3 %

Shares of NASDAQ:ULBI traded up $0.68 during mid-day trading on Friday, hitting $11.39. The company had a trading volume of 253,864 shares, compared to its average volume of 77,117. The firm has a fifty day moving average price of $9.20 and a 200 day moving average price of $8.21. The company has a market capitalization of $187.37 million, a PE ratio of 17.80 and a beta of 1.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.80 and a quick ratio of 2.02. Ultralife has a one year low of $3.92 and a one year high of $11.85.

Ultralife (NASDAQ:ULBI - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.18 earnings per share for the quarter. The company had revenue of $44.55 million during the quarter. Ultralife had a net margin of 6.19% and a return on equity of 10.45%.

Institutional Trading of Ultralife

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Visionary Wealth Advisors increased its stake in Ultralife by 0.9% during the 4th quarter. Visionary Wealth Advisors now owns 1,082,246 shares of the technology company's stock valued at $7,381,000 after purchasing an additional 9,997 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Ultralife during the 4th quarter valued at $163,000. Navellier & Associates Inc. bought a new stake in shares of Ultralife in the 4th quarter worth $310,000. Janney Montgomery Scott LLC grew its stake in shares of Ultralife by 3.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 399,100 shares of the technology company's stock worth $2,722,000 after acquiring an additional 13,100 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Ultralife in the 4th quarter worth $59,000. Institutional investors own 30.68% of the company's stock.

Ultralife Company Profile

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.