U-Haul Holding Company (NYSE:UHAL) Sees Large Growth in Short Interest

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) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 885,000 shares, anincreaseof56.8% from the June 30th total of 564,400 shares. Approximately11.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 125,400 shares, the days-to-cover ratio is currently 7.1 days. Based on an average daily trading volume, of 125,400 shares, the days-to-cover ratio is currently 7.1 days. Approximately11.5% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded U-Haul from a "hold" rating to a "sell" rating in a research report on Tuesday, June 10th.

U-Haul Trading Down 0.7%

NYSE:UHAL traded down $0.40 on Thursday, hitting $56.32. 8,048 shares of the company's stock traded hands, compared to its average volume of 110,432. The firm's 50-day simple moving average is $61.60. The firm has a market capitalization of $11.04 billion, a P/E ratio of 32.18 and a beta of 1.20. U-Haul has a 1 year low of $56.28 and a 1 year high of $79.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.83 and a current ratio of 2.03.

U-Haul (NYSE:UHAL - Get Free Report) last posted its earnings results 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 4.80% and a net margin of 6.30%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.60 billion.

U-Haul Company Profile

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.

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