U-Haul Holding Company (NYSE:UHAL) Short Interest Update

Key Points

• U-Haul Holding Company experienced a 56.8% increase in short interest, with 885,000 shares short sold as of July 15th, accounting for approximately 11.5% of the stock.
• The company's stock recently traded down 0.7% to $56.32, significantly lower than its one-year high of $79.04, and it reported a miss on earnings with $0.68 EPS compared to the consensus estimate of $0.70.
• Wall Street Zen downgraded U-Haul from a "hold" rating to a "sell" rating, reflecting a change in analyst sentiment regarding the company.

U-Haul Holding Company (NYSE:UHAL - Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 885,000 shares, agrowthof56.8% from the June 30th total of 564,400 shares. Currently,11.5% of the company's shares are sold short. Based on an average daily trading volume, of 125,400 shares, the days-to-cover ratio is presently 7.1 days. Based on an average daily trading volume, of 125,400 shares, the days-to-cover ratio is presently 7.1 days. Currently,11.5% of the company's shares are sold short.

U-Haul Stock Performance

Shares of UHAL stock traded down $0.25 on Monday, hitting $56.71. The stock had a trading volume of 50,395 shares, compared to its average volume of 111,187. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.55. The business has a 50 day moving average price of $61.44. U-Haul has a one year low of $56.28 and a one year high of $79.04.

U-Haul (NYSE:UHAL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). U-Haul had a return on equity of 4.06% and a net margin of 5.31%. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.60 billion.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of U-Haul from a "hold" rating to a "sell" rating in a research note on Tuesday, June 10th.

About U-Haul

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.