Under Armour (UAA) real-time short interest is at $692.2 million, with 38.05 shares short, for 20.6% of the float.
Since June 1st, short sellers have gradually unwound their bearish positioning, buying back over 27 million shares, a decrease of 42%.
Prior to today’s 25% surge in price on the back of better-than-expected 3Q earnings, Under Armour was still the #2 short behind Hanesbrands (HBI) within the US Apparel & Luxury Goods sub-industry.
The shorts that remained in the trade today are looking at a one day paper loss of -$171 million, adding to the pain of being down close to -$300 million year-to-date.
Want deeper insight into the above analysis?
Contact: [email protected]
Director – Securities Finance, S3 Partners, LLC
For more information on S3’s reporting, data and analytics solutions, email us at [email protected]. Start your free trial of the BLACK App – the only source of real-time short interest on the Bloomberg Terminal or Thomson Reuters Eikon.
For short side data and access to our research reports go to https://shortsight.com/ .