Short Interest in Dominos Pizza UK (OTCMKTS:DPUKY) Grows By 383.3%

Key Points

• Short interest in Domino's Pizza UK surged by 383.3% in August, reaching a total of 2,900 shares, indicating growing bearish sentiment among investors.
• Domino's Pizza UK has launched a stock repurchase plan that allows the company to buy back shares, suggesting management believes the stock is undervalued.
• The company has announced a dividend of $0.0765 per share, with a significant yield of 434.0%, which will be paid to shareholders on October 14th.

Dominos Pizza UK (OTCMKTS:DPUKY - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,900 shares, an increase of 383.3% from the August 15th total of 600 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is currently 0.5 days.

Dominos Pizza UK Price Performance

Shares of OTCMKTS:DPUKY traded up $0.07 during midday trading on Wednesday, hitting $5.55. The company had a trading volume of 18,512 shares, compared to its average volume of 12,049. Dominos Pizza UK has a twelve month low of $5.35 and a twelve month high of $8.91. The business's 50-day simple moving average is $6.03 and its 200-day simple moving average is $6.85.

Dominos Pizza UK Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 18th will be issued a $0.0765 dividend. 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 approved a stock repurchase plan on Monday, September 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are 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.