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

UFP Technologies, Inc. (NASDAQ:UFPT) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 615,200 shares, an increase of 26.8% from the October 15th total of 485,300 shares. Based on an average daily volume of 61,800 shares, the short-interest ratio is presently 10.0 days. Currently, 8.4% of the company’s stock are short sold.

UFP Technologies Trading Down 4.7 %

NASDAQ:UFPT opened at $294.93 on Friday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 42.07 and a beta of 0.96. UFP Technologies has a 1 year low of $152.43 and a 1 year high of $366.41. The stock has a fifty day moving average price of $309.51 and a two-hundred day moving average price of $295.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, VP Jason Holt sold 146 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the transaction, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. This represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total value of $4,342,183.18. Following the completion of the sale, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,426 shares of company stock valued at $8,932,331. Insiders own 6.17% of the company’s stock.

Hedge Funds Weigh In On UFP Technologies

A number of institutional investors have recently made changes to their positions in UFPT. Northwest Investment Counselors LLC acquired a new position in UFP Technologies in the third quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in UFP Technologies by 1,614.3% in the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 113 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in UFP Technologies during the 1st quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in UFP Technologies during the second quarter valued at approximately $36,000. Finally, GAMMA Investing LLC increased its stake in UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 60 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.