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

Mills Music Trust (OTCMKTS:MMTRS) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 100 shares, a decline of 50.0% from the May 15th total of 200 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 0.1 days.

Mills Music Trust Trading Up 6.2%

OTCMKTS:MMTRS opened at $27.89 on Tuesday. Mills Music Trust has a fifty-two week low of $23.75 and a fifty-two week high of $52.60. The business’s 50-day simple moving average is $25.32 and its 200-day simple moving average is $30.38.

About Mills Music Trust

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.