Universal Entertainment Corp. (OTCMKTS:UETMF) Shares Shorted: Short Interest Down 36.8% in October

Universal Entertainment Corp. (OTCMKTS:UETMF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,072 shares, a decline of 36.8% from the September 30th total of 8,021 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5 shares, the days-to-cover ratio is presently 1,014.4 days.

Universal Entertainment Price Performance

OTCMKTS UETMF opened at $4.40 on Wednesday. The company has a 50-day moving average price of $4.34 and a 200-day moving average price of $5.30. Universal Entertainment has a 52 week low of $3.87 and a 52 week high of $4.40. The company has a quick ratio of 1.49, a current ratio of 2.13 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $340.96 million, a P/E ratio of -0.24 and a beta of 0.50.

Universal Entertainment (OTCMKTS:UETMF) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter. The company 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 2.77%.

About Universal Entertainment

Universal Entertainment Corporation is a Japan-based entertainment company that develops, manufactures and sells pachinko and pachislot machines. Its gaming-machine business includes hardware, software and related content designed for Japan’s amusement and gaming halls, with products built around original themes, licensed characters and proprietary game systems.

The company also has an international resort and casino business through its Philippine operations. Its principal property is Okada Manila, an integrated resort in Entertainment City, Parañaque, that includes casino gaming, hotel accommodations, restaurants, retail areas, entertainment venues and other leisure facilities.