Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) Short Interest Update

Universal Security Instruments, Inc. (NYSEAMERICAN:UUU – Get Rating) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 61,200 shares, a decrease of 65.6% from the April 15th total of 178,000 shares. Approximately 3.5% of the shares of the company are sold short. Based on an average trading volume of 655,000 shares, the short-interest ratio is presently 0.1 days.

Shares of NYSEAMERICAN:UUU traded up $0.06 during trading on Thursday, hitting $2.73. The company’s stock had a trading volume of 6,768 shares, compared to its average volume of 480,549. Universal Security Instruments has a 12 month low of $2.27 and a 12 month high of $9.55. The stock has a market capitalization of $6.29 million, a PE ratio of -27.25 and a beta of 1.81.

Universal Security Instruments (NYSEAMERICAN:UUU – Get Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported $0.02 earnings per share for the quarter. Universal Security Instruments had a negative net margin of 1.42% and a negative return on equity of 5.26%. The firm had revenue of $5.32 million for the quarter.

Separately, TheStreet cut shares of Universal Security Instruments from a “c-” rating to a “d+” rating in a research note on Monday, January 24th.

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its holdings in Universal Security Instruments by 48.1% in the 4th quarter. Renaissance Technologies LLC now owns 23,414 shares of the company’s stock worth $80,000 after acquiring an additional 7,602 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Universal Security Instruments in the 4th quarter worth approximately $38,000. Finally, Ground Swell Capital LLC purchased a new stake in Universal Security Instruments in the 4th quarter worth approximately $40,000. 30.70% of the stock is owned by institutional investors.

About Universal Security Instruments (Get Rating)

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. It offers a line of safety alarms, including units powered by replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.

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