UFP Technologies, Inc. (NASDAQ:UFPT) Sees Significant Increase in Short Interest

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

Insider Buying and Selling

In related news, VP Jason Holt sold 146 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. The trade was a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now directly owns 4,049 shares in the company, valued at $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,426 shares of company stock worth $8,932,331 in the last 90 days. Insiders own 6.17% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vestcor Inc lifted its holdings in UFP Technologies by 119.7% during the 3rd quarter. Vestcor Inc now owns 1,173 shares of the industrial products company’s stock worth $371,000 after buying an additional 639 shares during the period. Barclays PLC lifted its stake in shares of UFP Technologies by 390.6% in the 3rd quarter. Barclays PLC now owns 12,937 shares of the industrial products company’s stock valued at $4,098,000 after purchasing an additional 10,300 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of UFP Technologies by 144.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock valued at $5,136,000 after purchasing an additional 9,593 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of UFP Technologies in the 3rd quarter valued at about $262,000. Finally, MML Investors Services LLC acquired a new position in shares of UFP Technologies in the 3rd quarter valued at about $219,000. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Stock Down 4.7 %

Shares of UFPT opened at $294.93 on Friday. The company has a market capitalization of $2.26 billion, a PE ratio of 42.07 and a beta of 0.96. UFP Technologies has a 12 month low of $152.43 and a 12 month high of $366.41. The stock’s 50-day moving average price is $310.04 and its two-hundred day moving average price is $294.87. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

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.