United Malt Group Limited (OTCMKTS:UMLGF) Short Interest Down 25.9% in August
United Malt Group Limited (OTCMKTS:UMLGF) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 334,900 shares, a decline of 25.9% from the August 15th total of 452,100 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 1,116.3 days.
UMLGF opened at $3.05 on Thursday. United Malt Group has a one year low of $2.50 and a one year high of $3.18.
Separately, Jefferies Financial Group assumed coverage on United Malt Group in a research report on Wednesday, August 5th. They set a “buy” rating on the stock.
United Malt Group Limited operates as a commercial maltster in North America, Australia, Asia, Europe, and internationally. The company engages in the production and sale of malt to major brewers, craft brewers, distillers, and food companies. It is also involved in the distribution and sale of bagged malt, hops, yeast, adjuncts and related products to craft brewers.
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