Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) was the recipient of a large increase in short interest in the month of May. As of May 14th, there was short interest totalling 233,400 shares, an increase of 253.6% from the April 29th total of 66,000 shares. Currently, 11.3% of the shares of the company are sold short. Based on an average trading volume of 409,600 shares, the short-interest ratio is currently 0.6 days.
Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new stake in Universal Security Instruments in the 1st quarter valued at $144,000. Citadel Advisors LLC acquired a new position in shares of Universal Security Instruments during the 1st quarter worth approximately $148,000. Geode Capital Management LLC acquired a new stake in Universal Security Instruments during the first quarter worth about $160,000. Virtu Financial LLC acquired a new position in Universal Security Instruments in the 1st quarter valued at about $239,000. Finally, Renaissance Technologies LLC grew its stake in shares of Universal Security Instruments by 7.7% in the 4th quarter. Renaissance Technologies LLC now owns 67,123 shares of the company’s stock valued at $336,000 after buying an additional 4,826 shares during the period. Institutional investors own 18.13% of the company’s stock.
Shares of UUU opened at $5.86 on Thursday. The stock has a market capitalization of $13.54 million, a P/E ratio of -4.88 and a beta of 1.85. Universal Security Instruments has a 52 week low of $0.58 and a 52 week high of $19.88. The business has a 50-day moving average of $3.37. The company has a quick ratio of 3.41, a current ratio of 5.86 and a debt-to-equity ratio of 0.21.
About Universal Security Instruments
Universal Security Instruments, Inc, together with its subsidiary, designs, markets, and distributes safety and security products for use in homes and businesses in the United States and internationally. It offers a line of safety alarms, including units powered by replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices.
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