Today’s Short Interest Alert: Could Unifirst Corporation (NYSE:UNF) Skyrocket? The Stock Has Too Many Sellers

November 18, 2016 - By Darrin Black   ·   0 Comments

Today's Short Interest Alert: Could Unifirst Corporation (NYSE:UNF) Skyrocket? The Stock Has Too Many Sellers

The stock of Unifirst Corporation (NYSE:UNF) registered an increase of 2.05% in short interest. UNF’s total short interest was 502,800 shares in November as published by FINRA. Its up 2.05% from 492,700 shares, reported previously. With 94,300 shares average volume, it will take short sellers 5 days to cover their UNF’s short positions. The short interest to Unifirst Corporation’s float is 3.34%. About 33,889 shares traded hands. UniFirst Corp (NYSE:UNF) has risen 24.41% since April 18, 2016 and is uptrending. It has outperformed by 19.98% the S&P500.

UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The company has a market cap of $2.81 billion. The Firm designs, makes, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments. It has a 22.73 P/E ratio. It operates in six divisions: the US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing , Specialty Garments Rental and Cleaning (Specialty Garments), First Aid and Corporate.

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.15, from 1.15 in 2016Q1. The ratio turned negative, as 17 funds sold all UniFirst Corp shares owned while 61 reduced positions. 28 funds bought stakes while 62 increased positions. They now own 14.66 million shares or 0.18% less from 14.68 million shares in 2016Q1.
Hbk L P has invested 0% of its portfolio in UniFirst Corp (NYSE:UNF). Marshall Wace Llp reported 16,291 shares or 0.02% of all its holdings. Btim has 0.64% invested in the company for 323,149 shares. Northern Trust accumulated 295,079 shares or 0.01% of the stock. Barclays Plc last reported 0% of its portfolio in the stock. Profund Advsrs Ltd Limited Liability Company has 0.03% invested in the company for 4,728 shares. Moreover, Ubs Asset Mgmt Americas has 0% invested in UniFirst Corp (NYSE:UNF) for 22,263 shares. Tweedy Browne Limited Liability reported 187,151 shares or 0.61% of all its holdings. Panagora Asset Mngmt has invested 0.01% of its portfolio in UniFirst Corp (NYSE:UNF). Moreover, Great Lakes Limited Company has 0.06% invested in UniFirst Corp (NYSE:UNF) for 17,771 shares. Qs Limited Com last reported 2 shares in the company. M&T Fincl Bank last reported 0% of its portfolio in the stock. Moreover, Teacher Retirement Of Texas has 0% invested in UniFirst Corp (NYSE:UNF) for 2,133 shares. Goldman Sachs Gru Inc has invested 0% of its portfolio in UniFirst Corp (NYSE:UNF). Thrivent Finance For Lutherans has 0.01% invested in the company for 21,950 shares.

Insider Transactions: Since May 20, 2016, the stock had 0 insider purchases, and 5 sales for $468,877 net activity. The insider CAMILLI KATHLEEN M sold 6 shares worth $738. Sintros Steven S sold $117,549 worth of stock or 1,059 shares. Shares for $53,598 were sold by DIFILLIPPO DAVID A on Wednesday, July 20.

UniFirst Corp (NYSE:UNF) Ratings Coverage

Out of 3 analysts covering UniFirst Corp (NYSE:UNF), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. UniFirst Corp has been the topic of 3 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Zacks upgraded UniFirst Corp (NYSE:UNF) on Tuesday, September 1 to “Hold” rating. The rating was downgraded by Robert W. Baird on Friday, July 1 to “Neutral”. Sidoti upgraded UniFirst Corp (NYSE:UNF) on Wednesday, December 16 to “Buy” rating.

UNF Company Profile

UniFirst Corporation, incorporated on October 24, 1950, is a well-known provider of workplace uniforms and protective work wear clothing in the United States. The Firm designs, makes, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments. The Firm operates in six divisions: the US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing (MFG), Specialty Garments Rental and Cleaning (Specialty Garments), First Aid and Corporate. The Firm also rents and sells industrial wiping products, floor mats, facility service products and other non-garment items to a variety of manufacturers, retailers and service companies. The Firm also decontaminates and cleans work clothes and other items that has been exposed to radioactive materials and service special cleanroom protective wear and facilities. The Company’s principal services include providing clients with uniforms and other non-garment items.

More news for UniFirst Corp (NYSE:UNF) were recently published by: Marketwatch.com, which released: “UniFirst downgraded to neutral from outperform at RW Baird” on February 07, 2011. Streetinsider.com‘s article titled: “UniFirst Corp (UNF) Completes $122M Acquisition of Arrow Uniform” and published on September 19, 2016 is yet another important article.

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By Darrin Black


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