Under Armour, Inc. (NYSE:UA) Sees Significant Growth 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) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 16,500,000 shares, a growth of 81.5% from the July 31st total of 9,090,000 shares. Approximately 13.7% of the shares of the stock are sold short. Based on an average daily volume of 4,040,000 shares, the short-interest ratio is presently 4.1 days. Based on an average daily volume of 4,040,000 shares, the short-interest ratio is presently 4.1 days. Approximately 13.7% of the shares of the stock are sold short.

Insider Buying and Selling at Under Armour

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

Hedge Funds Weigh In On Under Armour

Large investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC lifted its position in Under Armour by 549.0% during the second quarter. Laurel Wealth Advisors LLC now owns 3,920 shares of the company's stock worth $25,000 after buying an additional 3,316 shares during the period. UMB Bank n.a. lifted its position in Under Armour by 361.9% during the second quarter. UMB Bank n.a. now owns 4,102 shares of the company's stock worth $27,000 after buying an additional 3,214 shares during the period. Teza Capital Management LLC purchased a new position in Under Armour during the first quarter worth about $60,000. Cerity Partners LLC purchased a new position in Under Armour during the second quarter worth about $65,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Under Armour during the second quarter worth about $68,000. 36.35% of the stock is currently owned by hedge funds and other institutional investors.

Under Armour Price Performance

Shares of UA traded up $0.04 during trading hours on Thursday, reaching $4.91. 4,902,137 shares of the company traded hands, compared to its average volume of 6,305,117. The company has a quick ratio of 0.93, a current ratio of 1.53 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.11 billion, a PE ratio of 22.32 and a beta of 1.60. Under Armour has a fifty-two week low of $4.62 and a fifty-two week high of $10.62. The stock has a fifty day simple moving average of $5.74 and a 200 day simple moving average of $5.92.

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

Under Armour Company Profile

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.