Unifi, Inc. (NYSE:UFI) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 509,600 shares, a drop of 14.3% from the June 15th total of 594,300 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 87,900 shares, the short-interest ratio is currently 5.8 days.

UFI stock traded up $0.24 during midday trading on Friday, hitting $18.71. The company’s stock had a trading volume of 61,758 shares, compared to its average volume of 62,691. The company has a quick ratio of 1.76, a current ratio of 3.30 and a debt-to-equity ratio of 0.31. Unifi has a 52-week low of $16.85 and a 52-week high of $33.62. The company has a market cap of $344.71 million, a price-to-earnings ratio of 14.17 and a beta of 0.69. The firm has a 50-day moving average of $18.24.

Unifi (NYSE:UFI) last issued its quarterly earnings results on Wednesday, May 1st. The textile maker reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.21). Unifi had a net margin of 1.72% and a return on equity of 1.77%. The business had revenue of $179.99 million during the quarter, compared to analysts’ expectations of $173.60 million. On average, research analysts expect that Unifi will post 0.12 earnings per share for the current year.

In related news, insider Spring Master Fund L. Valueact acquired 115,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of $20.45 per share, with a total value of $2,351,750.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Spring Master Fund L. Valueact acquired 52,500 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $20.20 per share, with a total value of $1,060,500.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 268,800 shares of company stock valued at $5,465,107 in the last ninety days. 22.41% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of UFI. Asset Planning Services Ltd. purchased a new position in Unifi in the 2nd quarter valued at approximately $28,000. Bank of Montreal Can increased its stake in Unifi by 164.5% in the first quarter. Bank of Montreal Can now owns 3,074 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 1,912 shares during the period. BNP Paribas Arbitrage SA increased its stake in Unifi by 373.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,252 shares of the textile maker’s stock valued at $63,000 after purchasing an additional 2,565 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Unifi by 407.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,632 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 4,522 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Unifi in the first quarter valued at $129,000. 81.12% of the stock is owned by institutional investors.

Several equities analysts have commented on UFI shares. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th.

About Unifi

Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures 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.

See Also: Why are percentage gainers important?

Receive News & Ratings for Unifi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifi and related companies with MarketBeat.com's FREE daily email newsletter.