Universal Entertainment Corp. (OTCMKTS:UETMF) Short Interest Down 73.5% in July

Universal Entertainment Corp. (OTCMKTS:UETMF) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,672 shares, a decline of 73.5% from the July 15th total of 66,772 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Universal Entertainment Price Performance

UETMF opened at $4.17 on Thursday. The stock’s 50-day moving average price is $4.11 and its 200 day moving average price is $5.66. Universal Entertainment has a 12-month low of $3.87 and a 12-month high of $4.17. The firm has a market cap of $323.13 million, a price-to-earnings ratio of -0.22 and a beta of 0.49. The company has a current ratio of 2.24, a quick ratio of 1.51 and a debt-to-equity ratio of 1.01.

Universal Entertainment (OTCMKTS:UETMF) last released its earnings results on Friday, August 7th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $302.02 million during the quarter. Universal Entertainment had a positive return on equity of 2.08% and a negative net margin of 162.37%.

Universal Entertainment Company Profile

Universal Entertainment Corporation, trading on the OTC market under the symbol UETMF, is a Japan‐based provider of gaming machines and integrated resort services. Headquartered in Tokyo, the company designs, manufactures and markets a broad range of electronic gaming equipment for domestic pachinko parlors and global casino operators. Its product portfolio includes pachinko and pachislot units for the Japanese market as well as high-end slot machines and digital gaming platforms tailored to international jurisdictions.

At the heart of Universal Entertainment’s operations lies its research and development division, which focuses on hardware engineering and gaming software design.