Short Interest Worth Mentioning Today: What’s Propelling Ultrapar Participacoes SA (NYSE:UGP) After Lower Shorts Reported?

November 18, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Worth Mentioning Today: What’s Propelling Ultrapar Participacoes SA (NYSE:UGP) After Lower Shorts Reported?

The stock of Ultrapar Participacoes SA (NYSE:UGP) registered a decrease of 17.45% in short interest. UGP’s total short interest was 560,700 shares in November as published by FINRA. Its down 17.45% from 679,200 shares, reported previously. With 686,400 shares average volume, it will take short sellers 1 days to cover their UGP’s short positions. The short interest to Ultrapar Participacoes SA’s float is 0.15%. About 315,130 shares traded hands. Ultrapar Participacoes SA (ADR) (NYSE:UGP) has declined 3.19% since April 18, 2016 and is downtrending. It has underperformed by 7.62% the S&P500.

Ultrapar Participacoes S.A. is a holding company. The company has a market cap of $11.64 billion. The Firm engages in the investment of its capital in services, commercial and industrial activities. It has a 23.15 P/E ratio.

UGP Company Profile

Ultrapar Participacoes S.A. (Ultrapar), incorporated on December 20, 1953, is a holding company. The Firm engages in the investment of its capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. The Firm operates in various markets: specialized distribution and retail through Ultragaz, Ipiranga and Imifarma Produtos Farmaceuticos e Cosmeticos S.A. (Extrafarma); production of specialty chemicals through Oxiteno S.A.-Industria e Comercio (Oxiteno), and liquid bulk storage services through Ultracargo Operacoes Logisticas e Participacoes Ltda. (Ultracargo). The Firm operates through five divisions: gas distribution (Ultragaz), which distributes liquefied petroleum gas (LPG) to residential, commercial and industrial consumers, primarily in the South, Southeast and Northeast regions of Brazil; fuel distribution (Ipiranga), which is engaged in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities across the Brazilian territory; chemicals (Oxiteno), which produces ethylene oxide, and its primary derivatives and fatty alcohols; storage (Ultracargo), which operates liquid bulk terminals, primarily in the Southeast and Northeast regions of Brazil, and drugstores (Extrafarma), which trades pharmaceutical, hygiene and beauty products through its own drugstore chain in the states of Para, Amapa, Maranhao, Piaui, Ceara and Rio Grande do Norte.

More notable recent Ultrapar Participacoes SA (ADR) (NYSE:UGP) news were published by: Marketwatch.com which released: “Ultrapar Participacoes S/A ADR” on October 20, 2010, also Bidnessetc.com with their article: “Petroleo Brasileiro Petrobras SA (ADR) (PBR) Might Sell Assets To Rival: Here …” published on August 10, 2015, Investorplace.com published: “Why American Airlines Group Inc (AAL), OraSure Technologies, Inc. (OSUR) and …” on June 13, 2016. More interesting news about Ultrapar Participacoes SA (ADR) (NYSE:UGP) were released by: Prnewswire.com and their article: “Ultrapar announces its 4Q15 and 2015 results” published on February 17, 2016 as well as Prnewswire.com‘s news article titled: “Ultrapar announces its 1Q16 results” with publication date: May 11, 2016.

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By Adrian Mccoy


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