Unique Fabricating Inc (NYSEAMERICAN:UFAB) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 139,200 shares, an increase of 8.9% from the January 15th total of 127,800 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 28,400 shares, the days-to-cover ratio is currently 4.9 days.
Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Unique Fabricating from a “buy” rating to a “hold” rating in a research note on Saturday, February 8th. Taglich Brothers reissued a “speculative buy” rating on shares of Unique Fabricating in a research note on Monday, November 25th.
A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in Unique Fabricating by 38.2% in the fourth quarter. Renaissance Technologies LLC now owns 83,199 shares of the auto parts company’s stock valued at $321,000 after acquiring an additional 23,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in Unique Fabricating by 42.4% in the second quarter. Vanguard Group Inc. now owns 85,246 shares of the auto parts company’s stock valued at $231,000 after acquiring an additional 25,400 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Unique Fabricating by 9.9% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 721,168 shares of the auto parts company’s stock valued at $2,784,000 after acquiring an additional 65,197 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Unique Fabricating in the fourth quarter valued at approximately $386,000.
UFAB opened at $3.67 on Friday. Unique Fabricating has a one year low of $2.27 and a one year high of $4.80. The firm’s 50 day moving average is $2.71.
About Unique Fabricating
Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.
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