Short Interest in Venture Co. Limited (OTCMKTS:VEMLY) Drops By 40.0%

Venture Co. Limited (OTCMKTS:VEMLY) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 300 shares, a decline of 40.0% from the May 15th total of 500 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 0.4 days.

Venture Stock Performance

OTCMKTS VEMLY opened at $44.37 on Monday. The company has a 50 day moving average price of $42.44 and a 200 day moving average price of $45.48. Venture has a 52 week low of $38.23 and a 52 week high of $57.63.

Venture Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 7th were paid a dividend of $1.7887 per share. This represents a dividend yield of 6.1%. The ex-dividend date of this dividend was Tuesday, May 6th. This is a positive change from Venture’s previous dividend of $0.89.

Venture Company Profile

Venture Corporation Limited, together with its subsidiaries, provides technology solutions, products, and services in Singapore, the Asia Pacific, and internationally. The company operates through Advanced Manufacturing and Design Solutions, and Technology Products and Design Solutions segments. It engages in the design, manufacture, assemble, installation, and distribution of electronic, and other computer products and peripherals; manufacture and sale of terminal units; development and marketing of colour imaging products for label printing; and research and development of biotechnology, life, and medical science products, as well as engages in repair of engineering and scientific instruments.