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

Mills Music Trust (OTCMKTS:MMTRSGet Free Report) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 152 shares, an increase of 97.4% from the April 15th total of 77 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 37 shares, the short-interest ratio is presently 4.1 days.

Mills Music Trust Stock Performance

Shares of OTCMKTS:MMTRS remained flat at $26.00 during midday trading on Friday. The stock’s 50 day moving average is $25.19 and its 200 day moving average is $24.73. Mills Music Trust has a twelve month low of $21.00 and a twelve month high of $52.60.

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

About Mills Music Trust

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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.

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