Mills Music Trust (OTCMKTS:MMTRS) Sees Large Decrease in Short Interest

Mills Music Trust (OTCMKTS:MMTRS) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 79 shares, a drop of 48.0% from the April 30th total of 152 shares. Based on an average daily volume of 81 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the stock are short sold.

Mills Music Trust Price Performance

Shares of OTCMKTS MMTRS remained flat at $24.80 during trading on Wednesday. 221 shares of the stock traded hands, compared to its average volume of 72. The firm’s fifty day simple moving average is $25.37 and its two-hundred day simple moving average is $24.77. Mills Music Trust has a 1-year low of $21.00 and a 1-year high of $29.25.

Mills Music Trust (OTCMKTS:MMTRS) last announced its earnings results on Friday, May 15th. The company reported $999.00 earnings per share (EPS) for the quarter.

Mills Music Trust Company Profile

Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable by EMI Mills Music Inc primarily in the United States. The payments of the contingent portion are based on royalty income generated by the catalogue. EMI Mills Music Inc operates as an owner of the copyrighted materials contained in the catalogue. Mills Music Trust was founded in 1964 and is based in New York, New York.