Short interest in Royal Mail plc (OTCMKTS:ROYMY) fell 44.7% in October.

There was a significant reduction in the number of short positions held at Ultrapar Participates S.A. during October (NYSE: UGP). The total number of borrowed shares to be sold short was 2,790,000 as of October 31. This represents a decrease of 43.5% from the 4,940,000 shares that were borrowed to be sold short on October 15. Based on an average daily trading volume of 1,290,000 shares, the short-interest ratio can be expressed as 2.2 days. Examining the volume of trades is what leads to this conclusion.

The holdings of significant investors in UGP stock have been adjusted throughout the past few months. In the second quarter, Jane Street Group LLC saw a 1,801.5 percent increase in the percentage of ownership it held in Ultrapar Participates. Jane Street Group LLC increased its holdings in the oil and gas business stock during the most recent quarter by purchasing an additional 247,816 shares. This brought the total number of shares purchased to 261,572, valued at $615,000. The Northern Trust Corporation acquired a 26.7% increase in its holding of Ultrapar Participates over the first three months of the year. Following the acquisition of an additional 220,678 shares of the oil and gas company during the most recent quarter, Northern Trust Corp. now holds a total of 1,046,056 shares of the company, which have a combined value of $3,169,000. The percentage of UltraPath participations in which State Street Corporation is invested increased by 19.2% during the second quarter due to the company’s investment. State Street Corp. now owns 1,186,830 shares of the oil and gas company’s stock, which has a value of $2,839,000 after purchasing an additional 191,214 shares of the company’s stock during the most recent period. These shares were purchased during the most recent period. The percentage of Ultrapar participations that Wellington Management Group LLP owns has increased by 47.4% over the year’s first three months. In the most recent fiscal quarter, Wellington Management Group LLP increased its direct ownership of the oil and gas company by purchasing 134,664 shares. As a result of this activity, the firm now owns a total of 418,860 shares in the company, which have a value of $1,269,000. And finally, during the first three months of this year, Russell Investments Group Ltd. established a new investment in Ultrapar Participates valued at $300,000. As a result, 1.45% of the total number of shares in the company are held by hedge funds and other types of institutional investors at present.
UGP has, as of late, been the focus of commentary from a few different brokerages. After beginning coverage of the company the same day, October 12 saw the publication of a research note on Ultrapar Participates by StockNews.com, which came after the website began reporting on the company on the same day. They recommended purchasing shares of the company as a whole. In addition, Goldman Sachs Group upgraded Ultrapar Participates from a “hold” rating to a “buy” rating. It raised their price objective for the stock in a report released on Wednesday, August 24. The report was published on the Internet. Research analysts have assigned the company’s stock two ratings indicating a hold and two ratings indicating a buy. According to Bloomberg, the common price target for Ultrapar Participates has been determined to be $3.20, and the average recommendation for the company is “Moderate Buy.”
On Friday, NYSE UGP finished the trading day $0.23 higher, at $2.66, bringing its overall price to a new all-time high. The company’s stock was traded for 3,100,412 shares, significantly higher than its typical volume of 1,333,400 shares. A moving average of $2.51 has been calculated for the company over the past fifty days, and a moving average of $2.55 has been calculated over the last 200 days. The participation rate in Ultrapar reached its all-time high of $3.21 during the previous year, while it reached its all-time low of $2.13. The company’s market value is currently estimated to be 3.56 billion dollars, and the price-to-earnings ratio of the share is 9.50. It has a beta of 1.20 and a price-to-earnings-growth ratio of 0.65, but its beta is the same as its price-to-earnings-growth ratio. The debt-to-equity ratio is calculated to be 0.94, the current ratio is calculated to be 1.57, and the quick ratio is calculated to be 1.10 respectively.

In addition to other countries in Latin America, the United States of America, Canada, the Far East, Europe, and other regions, Ultrapar Participates S.A. primarily operates in gas distribution, fuel distribution, and storage. Its Gas Distribution segment provides liquefied petroleum gas to residential, commercial, and industrial customers, primarily in Brazil’s southern, southeastern, and northeastern regions. These regions make up the majority of its customer base.