Under Armour, Inc. (NYSE:UA) Sees Significant Increase in Short Interest

Key Points

• Short interest in Under Armour, Inc. increased by 81.5% in August, reaching a total of 16,500,000 shares as of August 15th.
• The company reported $1.13 billion in revenue for the last quarter, falling short of analyst expectations of $1.36 billion.
• Insider transactions included significant purchases by directors, with two directors acquiring 100,000 shares each, resulting in a combined value of approximately $981,000.

Under Armour, Inc. (NYSE:UA - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 16,500,000 shares, anincreaseof81.5% from the July 31st total of 9,090,000 shares. Currently,13.7% of the company's shares are sold short. Based on an average daily volume of 4,040,000 shares, the days-to-cover ratio is presently 4.1 days. Based on an average daily volume of 4,040,000 shares, the days-to-cover ratio is presently 4.1 days. Currently,13.7% of the company's shares are sold short.

Insider Buying and Selling

In related news, Director Robert John Sweeney acquired 100,000 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was purchased at an average price of $4.88 per share, with a total value of $488,000.00. Following the completion of the purchase, the director owned 133,696 shares in the company, valued at $652,436.48. This trade represents a 296.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dawn N. Fitzpatrick acquired 100,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $4.93 per share, with a total value of $493,000.00. Following the purchase, the director owned 133,696 shares of the company's stock, valued at approximately $659,121.28. This trade represents a 296.77% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 202,045 shares of company stock valued at $991,000. Insiders own 15.60% of the company's stock.

Hedge Funds Weigh In On Under Armour

Hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors LLC increased its stake in shares of Under Armour by 549.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company's stock valued at $25,000 after buying an additional 3,316 shares during the period. UMB Bank n.a. increased its stake in shares of Under Armour by 361.9% during the second quarter. UMB Bank n.a. now owns 4,102 shares of the company's stock valued at $27,000 after buying an additional 3,214 shares during the period. Teza Capital Management LLC purchased a new position in shares of Under Armour during the first quarter valued at approximately $60,000. Cerity Partners LLC purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $65,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Under Armour in the 2nd quarter valued at approximately $68,000. 36.35% of the stock is owned by hedge funds and other institutional investors.

Under Armour Trading Down 1.1%

Shares of UA traded down $0.06 during mid-day trading on Monday, hitting $4.92. 4,839,169 shares of the company's stock traded hands, compared to its average volume of 7,082,924. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. Under Armour has a 1 year low of $4.62 and a 1 year high of $10.62. The firm has a market capitalization of $2.11 billion, a P/E ratio of 22.34 and a beta of 1.60. The business's 50-day moving average price is $5.86 and its 200-day moving average price is $5.95.

Under Armour (NYSE:UA - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Under Armour had a return on equity of 7.24% and a net margin of 1.99%.The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.36 billion. Under Armour has set its Q2 2026 guidance at 0.010-0.020 EPS.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.