Under Armour, Inc. (NYSE:UA) Short Interest Update

Key Points

• Under Armour experienced a significant increase in short interest, with a total of 20,120,000 shares shorted as of August 31st, marking a 21.9% rise from August 15th.
• The company's stock closed at $4.84 after gaining 1.3% during trading, with a market capitalization of $2.08 billion and a 12-month price range of $4.62 to $10.62.
• Insider transactions showed confidence, with two directors purchasing a total of 200,000 shares at prices around $4.88 to $4.93, resulting in a significant increase in their ownership.

Under Armour, Inc. (NYSE:UA - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 20,120,000 shares, an increase of 21.9% from the August 15th total of 16,500,000 shares. Based on an average trading volume of 4,330,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 16.7% of the company's stock are short sold. Approximately 16.7% of the company's stock are short sold. Based on an average trading volume of 4,330,000 shares, the days-to-cover ratio is presently 4.6 days.

Insider Activity

In related news, Director Robert John Sweeney acquired 100,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were purchased at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the acquisition, the director directly owned 133,696 shares in the company, valued at $652,436.48. The trade was a 296.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawn N. Fitzpatrick purchased 100,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $4.93 per share, for a total transaction of $493,000.00. Following the acquisition, the director owned 133,696 shares in the company, valued at $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 90 days, insiders have bought 202,045 shares of company stock worth $991,000. Corporate insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Under Armour

Several hedge funds have recently bought and sold shares of UA. Bank of America Corp DE boosted its position in Under Armour by 617.4% in the 4th quarter. Bank of America Corp DE now owns 1,555,160 shares of the company's stock worth $11,601,000 after purchasing an additional 1,338,376 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Under Armour by 74.2% during the 4th quarter. Deutsche Bank AG now owns 20,593 shares of the company's stock valued at $154,000 after buying an additional 8,771 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Under Armour by 58.9% during the 4th quarter. Nuveen Asset Management LLC now owns 2,132,175 shares of the company's stock valued at $15,906,000 after buying an additional 790,518 shares in the last quarter. Nomura Holdings Inc. lifted its position in shares of Under Armour by 48.2% during the 4th quarter. Nomura Holdings Inc. now owns 17,203 shares of the company's stock valued at $128,000 after buying an additional 5,592 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Under Armour by 30.7% during the 4th quarter. Quantinno Capital Management LP now owns 136,538 shares of the company's stock valued at $1,019,000 after buying an additional 32,061 shares in the last quarter. Hedge funds and other institutional investors own 36.35% of the company's stock.

Under Armour Stock Performance

NYSE:UA traded down $0.10 during midday trading on Friday, hitting $4.74. The company's stock had a trading volume of 9,781,084 shares, compared to its average volume of 5,507,293. Under Armour has a fifty-two week low of $4.62 and a fifty-two week high of $10.62. The firm's 50 day moving average is $5.52 and its 200-day moving average is $5.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. The firm has a market cap of $2.03 billion, a P/E ratio of 21.55 and a beta of 1.60.

Under Armour (NYSE:UA - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.36 billion. 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.