Under Armour stock may have soared on quarterly results Thursday, but one Wall Street analyst is telling investors to avoid it.
Corinna Freedman, senior research analyst at BB&T Capital Markets, expects the bullishness surrounding the stock to be short lived.
"Short interest has been through the roof recently. There was a lot of negative market news. Obviously, people had concerns about the weather," said Freedman on CNBC's "Halftime Report." "They didn't raise guidance. Inventories are up 46 percent."
The nation's No. 2 sportswear maker reported its revenue jumped by 31 percent in its fourth quarter. Under Armour's apparel sales rose by more than 22 percent and its footwear sales nearly doubled.
Back in October, after the stock hit a 52-week high, Freedman downgraded it to "hold" from "buy," and she's standing by her position despite the blowout numbers in this latest quarter. Ahead of this upward move, Under Armour shares had been down about 30 percent over the past three months.