Ultralife Co. (NASDAQ:ULBI) Short Interest Up 32.8% in February

Ultralife Co. (NASDAQ:ULBI) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 286,400 shares, an increase of 32.8% from the February 13th total of 215,600 shares. Based on an average daily trading volume, of 51,000 shares, the short-interest ratio is presently 5.6 days. Approximately 2.8% of the company’s stock are sold short.

Ultralife Price Performance

Shares of NASDAQ:ULBI opened at $5.51 on Monday. The company has a current ratio of 3.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04. Ultralife has a 1 year low of $5.31 and a 1 year high of $13.39. The business has a fifty day simple moving average of $7.09 and a 200 day simple moving average of $8.01. The firm has a market cap of $91.61 million, a price-to-earnings ratio of 10.02 and a beta of 1.05.

Institutional Investors Weigh In On Ultralife

A number of institutional investors have recently added to or reduced their stakes in ULBI. IFP Advisors Inc bought a new position in Ultralife in the 4th quarter worth approximately $85,000. Bank of America Corp DE raised its holdings in shares of Ultralife by 30.7% in the 4th quarter. Bank of America Corp DE now owns 12,067 shares of the technology company’s stock valued at $90,000 after purchasing an additional 2,836 shares during the period. Barclays PLC raised its holdings in Ultralife by 21.3% in the 3rd quarter. Barclays PLC now owns 13,395 shares of the technology company’s stock valued at $121,000 after acquiring an additional 2,355 shares during the period. Jane Street Group LLC bought a new position in Ultralife in the 3rd quarter valued at about $166,000. Finally, LSV Asset Management acquired a new position in shares of Ultralife during the 4th quarter worth approximately $145,000. 30.68% of the stock is owned by institutional investors and hedge funds.

About Ultralife

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.