Short Interest in Universal Security Instruments, Inc. (NYSE:UUU) Rises By 482.0%

Universal Security Instruments, Inc. (NYSE:UUU) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 64,600 shares, a growth of 482.0% from the August 31st total of 11,100 shares. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.6% of the company’s shares are sold short. Approximately 3.6% of the company’s shares are sold short. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is currently 0.1 days.

Universal Security Instruments Stock Down 3.8%

UUU opened at $4.60 on Friday. The company has a market cap of $10.64 million, a P/E ratio of -8.21 and a beta of -0.47. Universal Security Instruments has a 52-week low of $1.12 and a 52-week high of $8.27. The firm’s 50-day moving average price is $4.56 and its 200-day moving average price is $3.20.

Universal Security Instruments Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 18th were issued a $1.00 dividend. The ex-dividend date was Friday, September 26th.

Insiders Place Their Bets

In other news, Director Milton C. Ault III acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was acquired at an average price of $4.24 per share, with a total value of $42,400.00. Following the completion of the purchase, the director directly owned 47,710 shares in the company, valued at approximately $202,290.40. This trade represents a 26.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 39,985 shares of company stock worth $189,287 over the last quarter. Insiders own 9.08% of the company’s stock.

Universal Security Instruments Company Profile

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including 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.