Unilever plc (NYSE:UL) Sees Large Decline in Short Interest

Unilever plc (NYSE:UL) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 518,965 shares, a drop of 42.1% from the November 30th total of 896,340 shares. Based on an average daily trading volume, of 1,377,542 shares, the days-to-cover ratio is currently 0.4 days.

Unilever (NYSE:UL) traded up $0.05 during trading on Wednesday, hitting $56.47. The stock had a trading volume of 1,194,544 shares, compared to its average volume of 1,490,000. The stock has a market capitalization of $167,620.00, a PE ratio of 22.41, a PEG ratio of 2.09 and a beta of 0.89. Unilever has a 1-year low of $40.82 and a 1-year high of $60.13.

UL has been the topic of several research reports. Zacks Investment Research lowered Unilever from a “buy” rating to a “sell” rating in a research note on Saturday, October 14th. Argus started coverage on Unilever in a report on Friday, November 17th. They issued a “hold” rating for the company. Morgan Stanley reissued a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Unilever presently has an average rating of “Hold” and an average price target of $44.50.

Several institutional investors have recently bought and sold shares of UL. Sheaff Brock Investment Advisors LLC increased its position in shares of Unilever by 6.6% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 4,892 shares of the company’s stock valued at $265,000 after buying an additional 301 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Unilever by 1.7% during the second quarter. CIBC World Markets Inc. now owns 163,266 shares of the company’s stock worth $8,836,000 after purchasing an additional 2,670 shares in the last quarter. Eaton Vance Management increased its position in shares of Unilever by 0.6% during the second quarter. Eaton Vance Management now owns 165,923 shares of the company’s stock worth $8,980,000 after purchasing an additional 966 shares in the last quarter. HPM Partners LLC increased its position in shares of Unilever by 19.9% during the second quarter. HPM Partners LLC now owns 60,152 shares of the company’s stock worth $3,269,000 after purchasing an additional 9,987 shares in the last quarter. Finally, AMG Funds LLC increased its position in shares of Unilever by 0.7% during the second quarter. AMG Funds LLC now owns 35,862 shares of the company’s stock worth $1,941,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 7.09% of the company’s stock.

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Unilever Company Profile

Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.

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