Dominos Pizza UK (OTCMKTS:DPUKY) Sees Large Drop in Short Interest

Key Points

• Dominos Pizza UK experienced a significant 27.6% decrease in short interest during September, bringing the total to 2,100 shares.
• Peel Hunt upgraded Dominos Pizza UK's stock to a "strong-buy" rating, while the average rating remains a "Moderate Buy."
• The company announced a dividend of $0.0765 per share, reflecting a yield of 434.0%, and authorized a share repurchase plan indicating confidence in its stock value.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,100 shares, a decrease of 27.6% from the August 31st total of 2,900 shares. Based on an average daily volume of 30,500 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 30,500 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Peel Hunt upgraded shares of Dominos Pizza UK to a "strong-buy" rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

Dominos Pizza UK Stock Up 0.5%

Shares of DPUKY opened at $5.38 on Tuesday. The stock has a 50 day simple moving average of $5.64 and a two-hundred day simple moving average of $6.62. Dominos Pizza UK has a 1 year low of $5.25 and a 1 year high of $8.91.

Dominos Pizza UK Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.0765 per share. This represents a dividend yield of 434.0%. The ex-dividend date of this dividend is Friday, August 15th.

Dominos Pizza UK announced that its board has authorized a share repurchase plan on Monday, September 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Dominos Pizza UK Company Profile

Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino's Pizza UK & IRL plc and changed its name to Domino's Pizza Group plc in May 2012.

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