Universal Entertainment Corp. (OTCMKTS:UETMF) Sees Large Drop in Short Interest

Universal Entertainment Corp. (OTCMKTS:UETMF) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,672 shares, a decline of 73.5% from the July 15th total of 66,772 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Universal Entertainment Price Performance

Shares of Universal Entertainment stock opened at $4.17 on Friday. The company’s 50 day moving average price is $4.11 and its 200-day moving average price is $5.64. Universal Entertainment has a 52-week low of $3.87 and a 52-week high of $4.17. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.51 and a current ratio of 2.24. The stock has a market capitalization of $323.13 million, a price-to-earnings ratio of -0.22 and a beta of 0.49.

Universal Entertainment (OTCMKTS:UETMF) last released its quarterly earnings data on Friday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $302.02 million for the quarter. Universal Entertainment had a negative net margin of 162.37% and a positive return on equity of 2.08%.

Universal Entertainment Company Profile

Universal Entertainment Corporation, trading on the OTC market under the symbol UETMF, is a Japan‐based provider of gaming machines and integrated resort services. Headquartered in Tokyo, the company designs, manufactures and markets a broad range of electronic gaming equipment for domestic pachinko parlors and global casino operators. Its product portfolio includes pachinko and pachislot units for the Japanese market as well as high-end slot machines and digital gaming platforms tailored to international jurisdictions.

At the heart of Universal Entertainment’s operations lies its research and development division, which focuses on hardware engineering and gaming software design.