Short Interest in United Airlines Holdings, Inc. (NASDAQ:UAL) Expands By 30.7%

United Airlines Holdings, Inc. (NASDAQ:UAL) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 21,940,000 shares, a growth of 30.7% from the March 31st total of 16,790,000 shares. Based on an average daily trading volume, of 10,380,000 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

UAL has been the subject of several analyst reports. Bank of America boosted their target price on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $58.00 to $65.00 in a research report on Friday, February 9th. TD Cowen boosted their price objective on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Tuesday, February 13th. Finally, StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.53.

United Airlines Trading Down 1.3 %

NASDAQ:UAL opened at $52.84 on Monday. United Airlines has a twelve month low of $33.68 and a twelve month high of $58.23. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The business has a 50 day moving average price of $45.56 and a two-hundred day moving average price of $41.94. The company has a market cap of $17.37 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

A number of large investors have recently bought and sold shares of UAL. JB Capital LLC bought a new stake in shares of United Airlines during the 4th quarter worth approximately $201,000. NWI Management LP raised its stake in shares of United Airlines by 69.6% during the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock worth $8,249,000 after purchasing an additional 80,000 shares in the last quarter. Duality Advisers LP bought a new stake in shares of United Airlines during the 4th quarter worth approximately $1,443,000. International Assets Investment Management LLC raised its stake in shares of United Airlines by 3,636.1% during the 4th quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock worth $3,393,000 after purchasing an additional 80,030 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of United Airlines by 43.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock worth $12,197,000 after purchasing an additional 89,106 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.