Unifi, Inc. (NYSE:UFI) Sees Significant Increase in Short Interest

Unifi, Inc. (NYSE:UFI) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 266,200 shares, an increase of 16.6% from the February 13th total of 228,300 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,800 shares, the short-interest ratio is currently 4.1 days.

Insider Activity

In other Unifi news, Director Kenneth G. Langone purchased 16,097 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $5.55 per share, for a total transaction of $89,338.35. Following the completion of the transaction, the director now owns 2,352,000 shares in the company, valued at approximately $13,053,600. This represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 17.85% of the stock is owned by company insiders.

Institutional Trading of Unifi

Several institutional investors have recently modified their holdings of the business. Empowered Funds LLC grew its stake in shares of Unifi by 5.0% in the third quarter. Empowered Funds LLC now owns 36,304 shares of the textile maker’s stock worth $266,000 after purchasing an additional 1,742 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in Unifi by 25.0% during the third quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after acquiring an additional 3,000 shares during the last quarter. State Street Corp boosted its position in Unifi by 5.7% during the third quarter. State Street Corp now owns 58,922 shares of the textile maker’s stock valued at $432,000 after acquiring an additional 3,200 shares during the last quarter. Barclays PLC boosted its position in Unifi by 778.3% during the third quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock valued at $85,000 after acquiring an additional 10,172 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Unifi by 5,775.3% during the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after acquiring an additional 10,973 shares during the last quarter. Institutional investors own 67.67% of the company’s stock.

Unifi Price Performance

UFI traded up $0.06 during trading on Thursday, hitting $5.04. 3,750 shares of the stock traded hands, compared to its average volume of 58,764. Unifi has a twelve month low of $4.88 and a twelve month high of $7.91. The company has a market cap of $92.40 million, a price-to-earnings ratio of -2.75 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 1.46. The business has a 50 day moving average price of $5.70 and a 200 day moving average price of $6.09.

Unifi (NYSE:UFI) last announced its quarterly earnings data on Wednesday, February 5th. The textile maker reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.31). Unifi had a negative net margin of 5.62% and a negative return on equity of 14.49%. Equities research analysts forecast that Unifi will post -2.25 earnings per share for the current fiscal year.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.