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Ultrapar Participações S.A. (UGP) Reaches $14.32 After 8.00% Down Move; Shorts at Advansix (ASIX) Lowered By 5.83%

Ultrapar Participações S.A. (NYSE:UGP) Logo

Advansix Inc (NYSE:ASIX) had a decrease of 5.83% in short interest. ASIX’s SI was 656,300 shares in May as released by FINRA. Its down 5.83% from 696,900 shares previously. With 299,100 avg volume, 2 days are for Advansix Inc (NYSE:ASIX)’s short sellers to cover ASIX’s short positions. The SI to Advansix Inc’s float is 2.33%. The stock increased 0.76% or $0.2871 during the last trading session, reaching $38.0471. About 129,586 shares traded. AdvanSix Inc. (NYSE:ASIX) has risen 30.29% since May 17, 2017 and is uptrending. It has outperformed by 18.74% the S&P500.

The stock of Ultrapar Participações S.A. (NYSE:UGP) is a huge mover today! The stock decreased 2.78% or $0.41 during the last trading session, reaching $14.32. About 259,106 shares traded. Ultrapar Participações S.A. (NYSE:UGP) has declined 8.70% since May 17, 2017 and is downtrending. It has underperformed by 20.25% the S&P500.The move comes after 9 months negative chart setup for the $7.91 billion company. It was reported on May, 17 by Barchart.com. We have $13.17 PT which if reached, will make NYSE:UGP worth $633.04M less.

Another recent and important Ultrapar Participações S.A. (NYSE:UGP) news was published by Seekingalpha.com which published an article titled: “Ultrapar Participacoes’ (UGP) Management on Q1 2018 Results – Earnings Call Transcript” on May 05, 2018.

Among 3 analysts covering Ultrapar Participacoes SA (NYSE:UGP), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Ultrapar Participacoes SA had 5 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Ultrapar Participações S.A. (NYSE:UGP) earned “Sell” rating by Zacks on Wednesday, August 19. The rating was downgraded by Bank of America on Thursday, August 10 to “Underperform”. On Thursday, September 24 the stock rating was initiated by Goldman Sachs with “Neutral”. The stock of Ultrapar Participações S.A. (NYSE:UGP) earned “Neutral” rating by Citigroup on Tuesday, April 11. Citigroup upgraded Ultrapar Participações S.A. (NYSE:UGP) on Friday, November 18 to “Buy” rating.

Ultrapar Participa????es S.A., through its subsidiaries, engages in the liquefied petroleum gas distribution, fuel distribution, and related businesses. The company has market cap of $7.91 billion. It operates through five divisions: Gas Distribution, Fuel Distribution, Chemicals, Storage, and Drugstores. It has a 16.2 P/E ratio. The Gas Distribution segment distributes LPG to residential, commercial, and industrial consumers, as well as independent dealers, principally in the South, Southeast, and Northeast regions of Brazil.

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