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

Mills Music Trust (OTCMKTS:MMTRS) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 85 shares, an increase of 57.4% from the August 15th total of 54 shares. Based on an average daily trading volume, of 129 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Mills Music Trust Stock Performance

Shares of MMTRS stock remained flat at $24.65 during trading on Thursday. The company had a trading volume of 1,000 shares, compared to its average volume of 101. Mills Music Trust has a 1-year low of $21.00 and a 1-year high of $28.52. The business has a fifty day moving average price of $24.61 and a two-hundred day moving average price of $24.91.

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. 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.