Under Armour (UAA) real-time short interest is at $692.2 million, with 38.05 shares short, for 20.6% of the float.
Since June 1st, short sellers have gradually unwound their bearish positioning, buying back over 27 million shares, a decrease of 42%.
Under Armour
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Consumer DiscretionarySectorsUnder Armour
S3 Analytics: Generic Drug Pricing Civil Lawsuits for Mylan NV Execs
by S3 PartnersUnder Armour Inc. (UA, UAA) reported third quarter revenues that not only missed analysts‘ expectations but they also had their first ever year-on-year revenue decline, of 5%, since its IPO in 2005. UA’s press release cut its 2017 revenue growth outlook to “low single-digit percentage rate” from an earlier estimate of 11% and its gross margin down 220 basis points. Projected 2017 operating income is expected to be $0-$10 million, and an inventory increase of 22% to $1.2 billion. While international revenues were up 35%, North American revenues, which make up 83% of UA’s 2016 total revenues, were down 12%.
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Consumer DiscretionarySectorsUnder Armour
S3 Analytics: Under Armour Swings and Misses on 3rd Quarter Revenues
by S3 PartnersUnder Armour Inc. (UA, UAA) reported third quarter revenues that not only missed analysts‘ expectations but they also had their first ever year-on-year revenue decline, of 5%, since its IPO in 2005. UA’s press release cut its 2017 revenue growth outlook to “low single-digit percentage rate” from an earlier estimate of 11% and its gross margin down 220 basis points. Projected 2017 operating income is expected to be $0-$10 million, and an inventory increase of 22% to $1.2 billion. While international revenues were up 35%, North American revenues, which make up 83% of UA’s 2016 total revenues, were down 12%.
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Consumer DiscretionarySectorsUnder Armour
S3 Analytics: Under Armour Swings and Misses on 3rd Quarter Revenues
by S3 PartnersUnder Armour Inc. (UA, UAA) reported third quarter revenues that not only missed analysts‘ expectations but they also had their first ever year-on-year revenue decline, of 5%, since its IPO in 2005. UA’s press release cut its 2017 revenue growth outlook to “low single-digit percentage rate” from an earlier estimate of 11% and its gross margin down 220 basis points. Projected 2017 operating income is expected to be $0-$10 million, and an inventory increase of 22% to $1.2 billion. While international revenues were up 35%, North American revenues, which make up 83% of UA’s 2016 total revenues, were down 12%.
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Consumer DiscretionarySectorsUnder Armour
S3 Analytics: Shorts Up $400 million on Under Armour Miss
by S3 PartnersUnder Armour Inc. (UA US & UAA US) reported worse than expected 4th quarter results, lowered future sales guidance and lost their CFO today and as expected, it’s A shares (UAA US) are down 25.5% and C shares (UA US) are down 21.8%.
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Consumer DiscretionarySectorsUnder Armour
S3 Analytics: Under Armour Swings and Misses on 3rd Quarter Revenues
by S3 PartnersUnder Armour Inc. (UA, UAA) reported third quarter revenues that not only missed analysts‘ expectations but they also had their first ever year-on-year revenue decline, of 5%, since its IPO in 2005. UA’s press release cut its 2017 revenue growth outlook to “low single-digit percentage rate” from an earlier estimate of 11% and its gross margin down 220 basis points. Projected 2017 operating income is expected to be $0-$10 million, and an inventory increase of 22% to $1.2 billion. While international revenues were up 35%, North American revenues, which make up 83% of UA’s 2016 total revenues, were down 12%.
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