Short Interest in Universal Technical Institute, Inc. (NYSE:UTI) Drops By 25.6%
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%.
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.
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