UFP Technologies, Inc. (NASDAQ:UFPT) Short Interest Update – MarketBeat
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UFP Technologies, Inc. (NASDAQ:UFPT – Get Rating) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 119,900 shares, a decline of 20.2% from the July 15th total of 150,200 shares. Based on an average daily trading volume, of 38,300 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.8% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on UFPT shares. Lake Street Capital initiated coverage on UFP Technologies in a report on Wednesday, June 22nd. They set a “buy” rating and a $110.00 target price for the company. StockNews.com raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd.
Institutional Trading of UFP Technologies
Large investors have recently made changes to their positions in the company. Neuberger Berman Group LLC grew its holdings in UFP Technologies by 94.1% during the 1st quarter. Neuberger Berman Group LLC now owns 451,794 shares of the industrial products company’s stock worth $29,895,000 after acquiring an additional 219,009 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in UFP Technologies in the fourth quarter valued at $5,619,000. Victory Capital Management Inc. raised its stake in UFP Technologies by 105.2% in the first quarter. Victory Capital Management Inc. now owns 105,679 shares of the industrial products company’s stock valued at $6,993,000 after buying an additional 54,190 shares in the last quarter. Applied Fundamental Research LLC lifted its holdings in UFP Technologies by 11.9% during the 1st quarter. Applied Fundamental Research LLC now owns 371,044 shares of the industrial products company’s stock worth $24,552,000 after buying an additional 39,449 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of UFP Technologies by 37.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 121,668 shares of the industrial products company’s stock worth $9,681,000 after acquiring an additional 32,953 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.
UFP Technologies Price Performance
Shares of NASDAQ UFPT opened at $95.00 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.35 and a quick ratio of 1.42. The company has a market cap of $718.39 million, a price-to-earnings ratio of 34.80 and a beta of 0.77. The stock’s 50-day moving average is $80.11 and its two-hundred day moving average is $73.35. UFP Technologies has a 1-year low of $56.10 and a 1-year high of $95.07.
UFP Technologies Company Profile
(Get Rating)
UFP Technologies, Inc designs and custom manufactures components, subassemblies, products, and packaging utilizing specialized foams, films, and plastics primarily for the medical market. Its single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.
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