UFP Technologies, Inc. (NASDAQ:UFPT) Short Interest Update

UFP Technologies, Inc. (NASDAQ:UFPT) was the target of a large increase in short interest in the month of February. As of February 14th, there was short interest totalling 26,000 shares, an increase of 64.6% from the January 30th total of 15,800 shares. Based on an average trading volume of 37,500 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.

A number of equities research analysts recently commented on the stock. BidaskClub raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. ValuEngine cut shares of UFP Technologies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. Finally, Zacks Investment Research upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th.

In related news, SVP Christopher P. Litterio sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $45.52, for a total value of $227,600.00. Following the completion of the transaction, the senior vice president now directly owns 11,289 shares of the company’s stock, valued at approximately $513,875.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in shares of UFP Technologies in the third quarter worth $48,000. Citigroup Inc. boosted its position in UFP Technologies by 18.0% during the fourth quarter. Citigroup Inc. now owns 1,431 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 218 shares during the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in UFP Technologies during the third quarter worth approximately $90,000. Public Employees Retirement System of Ohio purchased a new stake in UFP Technologies in the 3rd quarter worth approximately $146,000. Finally, Alliancebernstein L.P. acquired a new position in UFP Technologies in the 4th quarter valued at $203,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UFPT traded down $0.81 during mid-day trading on Wednesday, reaching $48.16. 32,576 shares of the company’s stock were exchanged, compared to its average volume of 36,611. The company has a quick ratio of 2.10, a current ratio of 3.00 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $48.39 and a two-hundred day simple moving average of $44.28. UFP Technologies has a 52-week low of $31.80 and a 52-week high of $52.19. The company has a market cap of $358.17 million, a price-to-earnings ratio of 19.58 and a beta of 0.62.

About UFP Technologies

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.

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