Short Interest in Unique Fabricating Inc (NYSEAMERICAN:UFAB) Rises By 19.7%

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Unique Fabricating Inc (NYSEAMERICAN:UFAB) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 122,700 shares, a growth of 19.7% from the June 30th total of 102,500 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is presently 10.7 days. Currently, 1.8% of the company’s shares are sold short.

Shares of NYSEAMERICAN:UFAB opened at $2.72 on Thursday. Unique Fabricating has a 1 year low of $2.27 and a 1 year high of $8.66.

Unique Fabricating (NYSEAMERICAN:UFAB) last issued its quarterly earnings results on Wednesday, August 7th. The auto parts company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The business had revenue of $38.89 million for the quarter, compared to the consensus estimate of $40.23 million.

In related news, Director Richard L. Baum, Jr. bought 10,300 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $2.61 per share, with a total value of $26,883.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A number of large investors have recently modified their holdings of UFAB. JFS Wealth Advisors LLC purchased a new stake in Unique Fabricating during the second quarter worth about $73,000. Vanguard Group Inc. increased its stake in Unique Fabricating by 42.4% during the second quarter. Vanguard Group Inc. now owns 85,246 shares of the auto parts company’s stock worth $231,000 after purchasing an additional 25,400 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in Unique Fabricating by 1.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 621,849 shares of the auto parts company’s stock worth $1,685,000 after purchasing an additional 7,795 shares during the period. Finally, Royce & Associates LP increased its stake in Unique Fabricating by 5.7% during the first quarter. Royce & Associates LP now owns 583,841 shares of the auto parts company’s stock worth $2,621,000 after purchasing an additional 31,600 shares during the period.

A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of Unique Fabricating from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. B. Riley set a $7.00 price target on shares of Unique Fabricating and gave the stock a “buy” rating in a research note on Thursday, May 16th.

Unique Fabricating Company Profile

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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