Unifi, Inc. (NYSE:UFI) Sees Large Drop in Short Interest

Unifi, Inc. (NYSE:UFI) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 180,500 shares, a decrease of 23.4% from the July 15th total of 235,600 shares. Based on an average trading volume of 50,900 shares, the short-interest ratio is currently 3.5 days. Currently, 1.3% of the company’s shares are sold short.

Institutional Trading of Unifi

Several institutional investors have recently added to or reduced their stakes in UFI. Pinnacle Associates Ltd. boosted its holdings in Unifi by 10.4% in the second quarter. Pinnacle Associates Ltd. now owns 899,771 shares of the textile maker’s stock valued at $5,300,000 after acquiring an additional 84,989 shares during the last quarter. Acuitas Investments LLC boosted its holdings in shares of Unifi by 20.4% during the 2nd quarter. Acuitas Investments LLC now owns 404,356 shares of the textile maker’s stock worth $2,382,000 after buying an additional 68,605 shares in the last quarter. Factorial Partners LLC bought a new position in shares of Unifi during the 2nd quarter worth approximately $103,000. Marquette Asset Management LLC boosted its holdings in shares of Unifi by 23.0% during the 1st quarter. Marquette Asset Management LLC now owns 61,126 shares of the textile maker’s stock worth $366,000 after buying an additional 11,426 shares in the last quarter. Finally, Azarias Capital Management L.P. boosted its holdings in shares of Unifi by 0.6% during the 1st quarter. Azarias Capital Management L.P. now owns 1,371,925 shares of the textile maker’s stock worth $8,218,000 after buying an additional 8,501 shares in the last quarter. 67.67% of the stock is currently owned by institutional investors.

Unifi Trading Down 1.1 %

UFI stock traded down $0.06 during trading on Wednesday, hitting $5.55. The company had a trading volume of 4,340 shares, compared to its average volume of 68,112. The business has a 50-day moving average of $5.80 and a 200-day moving average of $5.90. Unifi has a one year low of $5.41 and a one year high of $7.72. The stock has a market cap of $101.29 million, a PE ratio of -1.73, a PEG ratio of 1.04 and a beta of 0.77. The company has a current ratio of 3.24, a quick ratio of 1.52 and a debt-to-equity ratio of 0.42.

About Unifi

Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. 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.