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

UFP Technologies, Inc. (NASDAQ:UFPT) was the target of 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 shares of the company are short sold.

UFP Technologies Price Performance

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

Insider Buying and Selling

In other UFP Technologies news, CEO R Jeffrey Bailly sold 5,910 shares of UFP Technologies stock in a transaction on Monday, August 19th. The stock was sold at an average price of $328.20, for a total value of $1,939,662.00. Following the completion of the transaction, the chief executive officer now directly owns 74,134 shares of the company’s stock, valued at $24,330,778.80. The trade was a 7.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ronald J. Lataille sold 4,798 shares of UFP Technologies stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $330.44, for a total value of $1,585,451.12. Following the completion of the transaction, the chief financial officer now directly owns 41,332 shares of the company’s stock, valued at $13,657,746.08. This represents a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders 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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vestcor Inc increased its stake in shares of UFP Technologies by 119.7% in the 3rd quarter. Vestcor Inc now owns 1,173 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 639 shares during the last quarter. Barclays PLC increased 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 last quarter. Public Employees Retirement System of Ohio increased 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 last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of UFP Technologies in the 3rd quarter valued at $262,000. Finally, MML Investors Services LLC bought a new position in shares of UFP Technologies in the 3rd quarter valued at $219,000. Institutional investors own 87.28% of the company’s stock.

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.