Will Unifi Inc New (NYSE:UFI) Run Out of Steam Soon? Short Interest is Up

June 13, 2018 - By Vivian Park

Investors sentiment decreased to 1.18 in 2018 Q1. Its down 0.13, from 1.31 in 2017Q4. It dropped, as 13 investors sold Unifi, Inc. shares while 32 reduced holdings. 12 funds opened positions while 41 raised stakes. 14.29 million shares or 0.40% more from 14.23 million shares in 2017Q4 were reported.
Great West Life Assurance Can holds 20,239 shares. Swiss Bankshares has 26,700 shares. Moreover, Bnp Paribas Arbitrage has 0% invested in Unifi, Inc. (NYSE:UFI) for 5,267 shares. Macquarie Gru has 0% invested in Unifi, Inc. (NYSE:UFI). Barclays Public Ltd Co reported 0% of its portfolio in Unifi, Inc. (NYSE:UFI). Ameritas Inv Partners holds 1,199 shares or 0% of its portfolio. State Of Alaska Department Of Revenue owns 5,477 shares or 0% of their US portfolio. Bridgeway Cap accumulated 0.01% or 22,700 shares. 28,471 are owned by Prudential Fin. Schwab Charles Mngmt accumulated 154,765 shares or 0% of the stock. Retail Bank Of America De accumulated 50,341 shares. Thompson Siegel Walmsley Limited holds 900 shares or 0% of its portfolio. Victory Capital invested in 0.09% or 1.15 million shares. Parametric Associates Lc invested in 28,330 shares or 0% of the stock. Shell Asset Mngmt Communication accumulated 0.03% or 45,268 shares.

Since February 2, 2018, it had 12 buys, and 1 insider sale for $5.34 million activity. McNeill Mark A. had sold 8,333 shares worth $249,323.

The stock of Unifi Inc New (NYSE:UFI) registered an increase of 64.53% in short interest. UFI’s total short interest was 344,200 shares in June as published by FINRA. Its up 64.53% from 209,200 shares, reported previously. With 144,300 shares average volume, it will take short sellers 2 days to cover their UFI’s short positions. The short interest to Unifi Inc New’s float is 2.2%.

The stock decreased 0.38% or $0.12 during the last trading session, reaching $32.2. About 8,633 shares traded. Unifi, Inc. (NYSE:UFI) has risen 15.57% since June 13, 2017 and is uptrending. It has outperformed by 3.00% the S&P500.

Unifi, Inc., together with its subsidiaries, makes and sells polyester and nylon yarns. The company has market cap of $590.35 million. The firm operates through three divisions: Polyester, Nylon, and International. It has a 19.64 P/E ratio. The Polyester segment makes and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in the United States and El Salvador.

Another recent and important Unifi, Inc. (NYSE:UFI) news was published by Seekingalpha.com which published an article titled: “Tracking Jeffrey Ubben’s ValueAct Portfolio – Q1 2018 Update” on May 22, 2018.

Unifi, Inc. (NYSE:UFI) Institutional Positions Chart

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