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

UFP Technologies, Inc. (NASDAQ:UFPT) saw a large increase in short interest in 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. Approximately 8.4% of the shares of the company are short sold. Based on an average trading volume of 61,800 shares, the days-to-cover ratio is currently 10.0 days.

UFP Technologies Trading Down 1.7 %

NASDAQ:UFPT opened at $309.45 on Friday. UFP Technologies has a 12-month low of $151.38 and a 12-month high of $366.41. The firm has a market capitalization of $2.37 billion, a P/E ratio of 44.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.56 and a quick ratio of 1.43. The business has a 50 day simple moving average of $310.39 and a 200 day simple moving average of $294.76.

Insider Transactions at UFP Technologies

In related news, CEO R Jeffrey Bailly sold 5,910 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $328.20, for a total transaction of $1,939,662.00. Following the completion of the transaction, the chief executive officer now owns 74,134 shares in the company, valued at $24,330,778.80. The trade was a 7.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ronald J. Lataille sold 4,798 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 41,332 shares of the company’s stock, valued at $13,657,746.08. This represents a 10.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,426 shares of company stock worth $8,932,331. 6.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in UFP Technologies by 20.9% during the 1st quarter. BNP Paribas Financial Markets now owns 4,224 shares of the industrial products company’s stock worth $1,065,000 after acquiring an additional 731 shares during the period. Janney Montgomery Scott LLC acquired a new position in UFP Technologies during the 1st quarter worth $229,000. Texas Permanent School Fund Corp boosted its position in UFP Technologies by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 6,151 shares of the industrial products company’s stock worth $1,551,000 after acquiring an additional 81 shares during the period. SG Americas Securities LLC boosted its position in UFP Technologies by 489.8% during the 1st quarter. SG Americas Securities LLC now owns 4,158 shares of the industrial products company’s stock worth $1,049,000 after acquiring an additional 3,453 shares during the period. Finally, Sei Investments Co. boosted its position in UFP Technologies by 171.8% during the 1st quarter. Sei Investments Co. now owns 4,827 shares of the industrial products company’s stock worth $1,217,000 after acquiring an additional 3,051 shares during the period. Institutional investors and hedge funds 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.