Unilever N.V. (NYSE:UL) Sees Large Increase in Short Interest

Unilever N.V. (NYSE:UL) was the target of a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 806,000 shares, a growth of 118.0% from the November 14th total of 369,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 782,600 shares, the days-to-cover ratio is presently 1.0 days.

UL has been the topic of several research analyst reports. Goldman Sachs Group raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “hold” rating in a research note on Saturday, September 21st. Finally, Barclays reissued a “sell” rating on shares of Unilever in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $66.00.

Hedge funds have recently made changes to their positions in the business. Ropes Wealth Advisors LLC bought a new position in Unilever in the second quarter valued at approximately $26,000. Golden State Wealth Management LLC boosted its stake in Unilever by 1,132.5% in the third quarter. Golden State Wealth Management LLC now owns 493 shares of the company’s stock valued at $30,000 after acquiring an additional 453 shares during the last quarter. Atwater Malick LLC bought a new position in Unilever in the third quarter valued at approximately $35,000. Quest Capital Management Inc. ADV bought a new position in Unilever in the third quarter valued at approximately $44,000. Finally, Usca Ria LLC bought a new position in Unilever in the third quarter valued at approximately $44,000. 6.84% of the stock is currently owned by hedge funds and other institutional investors.

UL stock traded down $0.33 during midday trading on Wednesday, reaching $59.63. The company’s stock had a trading volume of 847,257 shares, compared to its average volume of 815,804. Unilever has a 52 week low of $50.80 and a 52 week high of $64.84. The stock has a market cap of $70.07 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.46 and a beta of 0.49. The business’s 50-day simple moving average is $59.33 and its 200-day simple moving average is $60.90.

Unilever Company Profile

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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