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

Mills Music Trust (OTCMKTS:MMTRS) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 85 shares, a growth 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 presently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Mills Music Trust Stock Performance

Shares of MMTRS opened at $24.65 on Friday. The firm has a 50-day simple moving average of $24.60 and a 200-day simple moving average of $24.91. Mills Music Trust has a fifty-two week low of $21.00 and a fifty-two week high of $28.52.

Mills Music Trust Company Profile

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.