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

Key Points

• Short Interest Growth: Dominos Pizza UK experienced a significant increase in short interest, growing by 500% from 100 shares in July to 600 shares by August 15th.
• Stock Buyback Plan: The company's Board of Directors has authorized a stock buyback plan, indicating a belief that the stock may be undervalued.
• Dividend Disclosure: Dominos Pizza UK announced a dividend of $0.0765 per share, leading to a substantial yield of 434.0%.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 600 shares, agrowthof500.0% from the July 31st total of 100 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.7 days.

Dominos Pizza UK Stock Performance

Shares of OTCMKTS:DPUKY traded up $0.29 during mid-day trading on Friday, hitting $5.94. The company had a trading volume of 851 shares, compared to its average volume of 3,030. The firm has a fifty day moving average price of $6.21 and a 200 day moving average price of $6.93. Dominos Pizza UK has a one year low of $5.35 and a one year high of $8.91.

Dominos Pizza UK Cuts Dividend

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

Dominos Pizza UK announced that its Board of Directors has approved a share buyback plan on Monday, September 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management 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.