Shorts Action: A Reversal for Ultralife Corporation (NASDAQ:ULBI) Is Near. The Stock Has Decrease in Shorts

November 18, 2016 - By Richard Conner   ·   0 Comments

Shorts Action: A Reversal for Ultralife Corporation (NASDAQ:ULBI) Is Near. The Stock Has Decrease in Shorts

The stock of Ultralife Corporation (NASDAQ:ULBI) registered a decrease of 36.25% in short interest. ULBI’s total short interest was 19,700 shares in November as published by FINRA. Its down 36.25% from 30,900 shares, reported previously. With 31,000 shares average volume, it will take short sellers 1 days to cover their ULBI’s short positions. The short interest to Ultralife Corporation’s float is 0.27%. About 7,428 shares traded hands. Ultralife Corp. (NASDAQ:ULBI) has declined 20.69% since April 18, 2016 and is downtrending. It has underperformed by 25.12% the S&P500.

Ultralife Corporation offers products and services ranging from power solutions to communications, and electronics systems. The company has a market cap of $76.68 million. The Firm creates and makes power and communications systems, including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems. It has a 31.2 P/E ratio. It operates through two divisions: Battery & Energy Products and Communications Systems.

Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.13, from 0.93 in 2016Q1. The ratio worsened, as 6 funds sold all Ultralife Corp. shares owned while 9 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 3.33 million shares or 1.16% less from 3.37 million shares in 2016Q1.
Shikiar Asset last reported 0.05% of its portfolio in the stock. Blackrock Fund has 0% invested in the company for 24,603 shares. Tower Limited Liability Com (Trc), a New York-based fund reported 4,479 shares. The New York-based Global X Management Co Limited Liability Company has invested 0.04% in Ultralife Corp. (NASDAQ:ULBI). Bancorp Of Ny Mellon holds 0% or 27,302 shares in its portfolio. Wealthcare Mgmt Limited Liability Company holds 0% or 200 shares in its portfolio. Bank & Trust Of Montreal Can last reported 0% of its portfolio in the stock. Fny Managed Accounts Limited Com accumulated 0% or 2,400 shares. Fincl Bank Of America Corporation De owns 9,000 shares or 0% of their US portfolio. Morgan Stanley reported 1,643 shares or 0% of all its holdings. Lsv Asset holds 17,058 shares or 0% of its portfolio. Moreover, Acadian Asset Mngmt Ltd Llc has 0% invested in Ultralife Corp. (NASDAQ:ULBI) for 24,990 shares. Mufg Americas Holding owns 1,000 shares or 0% of their US portfolio. Blackrock Institutional Na last reported 0% of its portfolio in the stock. Vanguard Group Incorporated accumulated 0% or 311,818 shares.

Insider Transactions: Since August 2, 2016, the stock had 4 insider purchases, and 0 sales for $598,398 net activity. Another trade for 50,000 shares valued at $207,478 was made by WHITMORE BRADFORD T on Friday, September 9. POPIELEC MICHAEL D also bought $41,388 worth of Ultralife Corp. (NASDAQ:ULBI) on Wednesday, November 2.

ULBI Company Profile

Ultralife Corporation, incorporated on December 14, 1990, offers services and products ranging from power solutions to communications, and electronics systems to clients across the globe in the government, defense and commercial sectors. The Firm creates and makes power and communications systems, including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems, and accessories and custom engineered systems. The Firm operates through two divisions: Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes lithium 9-volt, cylindrical and various other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems and accessories, such as cables. The Communications Systems segment includes radio frequency (RF) amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, integrated communication systems for fixed or vehicle applications, and communications and electronics systems design.

Another recent and important Ultralife Corp. (NASDAQ:ULBI) news was published by Quotes.Wsj.com which published an article titled: “Ultralife Corp. ULBI (US: Nasdaq)” on February 11, 2011.

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By Richard Conner

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