Universal Technical Institute, Inc. (NYSE:UTI) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 21,500 shares, a decline of 25.6% from the July 31st total of 28,900 shares. Based on an average daily volume of 49,700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

NYSE UTI traded down $0.01 on Friday, hitting $5.24. The company had a trading volume of 862 shares, compared to its average volume of 67,727. The company has a market capitalization of $129.54 million, a PE ratio of -3.23 and a beta of 1.28. The company’s fifty day moving average price is $4.52 and its 200-day moving average price is $3.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. Universal Technical Institute has a 12-month low of $1.86 and a 12-month high of $5.82.

Universal Technical Institute (NYSE:UTI) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter. The company had revenue of $79.04 million during the quarter. Universal Technical Institute had a negative return on equity of 17.01% and a negative net margin of 7.51%.

A number of hedge funds and other institutional investors have recently modified their holdings of UTI. Mcclain Value Management LLC boosted its stake in Universal Technical Institute by 12.0% during the 2nd quarter. Mcclain Value Management LLC now owns 283,079 shares of the company’s stock worth $971,000 after purchasing an additional 30,400 shares during the last quarter. Wells Fargo & Company MN acquired a new position in shares of Universal Technical Institute during the 2nd quarter valued at about $104,000. Regentatlantic Capital LLC acquired a new position in shares of Universal Technical Institute during the 1st quarter valued at about $72,000. BlackRock Inc. boosted its position in shares of Universal Technical Institute by 2.2% during the 2nd quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock valued at $1,816,000 after acquiring an additional 11,280 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Universal Technical Institute by 44.9% during the 1st quarter. Parallel Advisors LLC now owns 18,003 shares of the company’s stock valued at $61,000 after acquiring an additional 5,577 shares during the last quarter. 59.17% of the stock is owned by institutional investors.

Several equities research analysts recently commented on UTI shares. Zacks Investment Research lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. ValuEngine raised shares of Universal Technical Institute from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 31st.

About Universal Technical Institute

Universal Technical Institute, Inc provides postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle, and marine technicians in the United States. It offers certificate, diploma, or degree programs; and specialized technical education programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

Featured Story: Special Dividends

Receive News & Ratings for Universal Technical Institute Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Technical Institute and related companies with MarketBeat.com's FREE daily email newsletter.