Under Armour June 15th Short Interest Update

Under Armour (NYSE:UA) reported a rise of 1.5% or 734,796 shares in its short interest. The short figure came in at 27.8% of the total floats. The average daily volume of 8,856,749 shares suggests that the days to cover 50,487,792 short positions, as on June 15,2016, will be 6. On May 31,2016, the short interest was 49,752,996 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Under Armour (NYSE:UA): The stock opened at $36.74 on Friday but the bulls could not build on the opening and the stock topped out at $37.75 for the day. The stock traded down to $36.60 during the day, due to lack of any buying support eventually closed down at $37.38 with a loss of -2.45% for the day. The stock had closed at $38.32 on the previous day. The total traded volume was 6,668,610 shares.

The company shares have dropped -9.85% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $52.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $37.64 and the 200 Day Moving Average price is recorded at $39.93.

Stocks of Under Armour (NYSE:UA) rallied by 0.43% during the past week but lost 1.42% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 2.1% and the outperformance has advanced to 1.56% for the last 4 weeks period.

Under Armour, Inc. is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Companys moisture-wicking fabrications are engineered in a range of designs and styles for wear in nearly every climate to provide an alternative to traditional products. The Companys operating segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and MapMyFitness. The Company also offers digital fitness platform licenses and subscriptions, along with digital advertising through its MapMyFitness business. Its apparel offers three gearlines, including HEATGEAR, COLDGEAR and ALLSEASONGEAR. Its footwear offerings include football, baseball, lacrosse, softball and soccer cleats, slides and performance training, running, basketball and outdoor footwear. Its accessories primarily include the sale of headwear, bags and gloves.

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