United Natural Foods Inc. [UNFI] short interest surges, jumping by 2.94 million million shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. United Natural Foods Inc. shares valued at $239,951 were sold by Bates Ann Torre on Oct 11. At $14.94 per share, Bates Ann Torre sold 16,061 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Howard John W purchased 5,490 shares, netting a total of over 75,103 in proceeds. Following the buying of shares at $13.68 each, the insider now holds 141,790 shares.

Before that, DOUGLAS J ALEXANDER JR had added 11,265 shares to its account. In a trade valued at $150,050, the Chief Executive Officer bought United Natural Foods Inc. shares for $13.32 each. Upon closing the transaction, the insider’s holdings increased to 11,265 shares, worth approximately $2.66 million.

As published in a research note from Wells Fargo on January 04, 2024, United Natural Foods Inc. [UNFI] has been rated down from an Equal weight to an Underweight and the price target has been revised to $15.

Analyzing UNFI Stock Performance

During the last five days, there has been a surge of approximately 0.37%. Over the course of the year, United Natural Foods Inc. shares have jumped approximately 1.11%. Shares of the company reached a 52-week high of $17.33 on 02/12/24 and a 52-week low of $14.29 on 01/17/24. A 50-day SMA is recorded $15.68, while a 200-day SMA reached $18.58. Nevertheless, trading volume fell to 0.56 million shares from 0.34 million shares the previous day.

Support And Resistance Levels for United Natural Foods Inc. (UNFI)

According to the 24-hour chart, there is a support level at 16.03, which, if violated, would cause prices to drop to 15.64. In the upper region, resistance lies at 16.63. The next price resistance is at 16.84. RSI (Relative Strength Index) is 57.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 35.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is United Natural Foods Inc. subject to short interest?

Stocks of United Natural Foods Inc. saw a sharp rise in short interest on Jan 31, 2024 jumping by 0.38 million shares to 2.94 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 2.56 million shares. A jump of 12.93% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.76 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.76.

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