Universal Technical Institute, Inc. (NYSE:UTI) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 44,800 shares, an increase of 38.3% from the September 30th total of 32,400 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 48,000 shares, the days-to-cover ratio is currently 0.9 days.

A number of hedge funds and other institutional investors have recently modified their holdings of UTI. Acadian Asset Management LLC grew its stake in Universal Technical Institute by 40.8% during the 2nd quarter. Acadian Asset Management LLC now owns 11,995 shares of the company’s stock valued at $41,000 after purchasing an additional 3,476 shares in the last quarter. Wells Fargo & Company MN acquired a new stake in Universal Technical Institute during the 2nd quarter valued at approximately $104,000. Parallel Advisors LLC grew its stake in Universal Technical Institute by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 22,229 shares of the company’s stock valued at $121,000 after purchasing an additional 4,226 shares in the last quarter. Mcclain Value Management LLC grew its position in shares of Universal Technical Institute by 12.0% in the 2nd quarter. Mcclain Value Management LLC now owns 283,079 shares of the company’s stock worth $971,000 after acquiring an additional 30,400 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Universal Technical Institute by 2.2% in the 2nd quarter. BlackRock Inc. now owns 529,344 shares of the company’s stock worth $1,816,000 after acquiring an additional 11,280 shares in the last quarter. Hedge funds and other institutional investors own 58.70% of the company’s stock.

Shares of NYSE UTI opened at $5.50 on Thursday. Universal Technical Institute has a fifty-two week low of $2.61 and a fifty-two week high of $6.07. The business has a 50 day moving average price of $5.47 and a two-hundred day moving average price of $4.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21.

Separately, ValuEngine downgraded Universal Technical Institute from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

Universal Technical Institute Company Profile

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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