Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 41,400 shares, a drop of 39.1% from the April 30th total of 68,000 shares. Based on an average daily trading volume, of 28,500 shares, the short-interest ratio is presently 1.5 days. Approximately 2.0% of the shares of the company are sold short.
NYSEAMERICAN:UUU traded up $0.08 on Monday, hitting $1.28. The stock had a trading volume of 2,219 shares, compared to its average volume of 51,632. Universal Security Instruments has a 52-week low of $0.98 and a 52-week high of $2.65.
About Universal Security Instruments
Universal Security Instruments, Inc, together with its subsidiary, designs, markets, and distributes safety and security products for use in homes and businesses in the United States and internationally. The company offers a line of safety alarms, including units powered by replaceable batteries, sealed batteries, and electrical batteries with battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ground fault circuit interrupters, and ventilation products.
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