Dalton Industries Inc. (OTCMKTS:UMGP) Sees Large Increase in Short Interest

Dalton Industries Inc. (OTCMKTS:UMGP) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 12,572 shares, a growth of 648.3% from the May 14th total of 1,680 shares. Based on an average daily volume of 65,918 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Dalton Industries Price Performance

UMGP traded up $0.00 during midday trading on Wednesday, reaching $0.05. 5,004 shares of the company’s stock were exchanged, compared to its average volume of 61,860. The stock has a market capitalization of $1.88 million, a PE ratio of -5.10 and a beta of 0.19. Dalton Industries has a 1-year low of $0.02 and a 1-year high of $0.15. The business’s 50-day moving average price is $0.08 and its 200 day moving average price is $0.08.

Dalton Industries Company Profile

Universal Media Group Inc, a media company, produces and distributes media content worldwide. It produces On The Mike, a TV show that primarily include celebrity interviews, music concerts, and other events. The company was formerly known as Dalton Industries Inc and changed its name to Universal Media Group Inc in January 2016. Universal Media Group Inc was founded in 1971 and is based in Boca Raton, Florida.