What’s Next for UNDERSEA RECOVERY CORPORATION. (OTCMKTS:UNDR) After Having Less Shares Shorted?

March 14, 2018 - By Linda Rogers

The stock of UNDERSEA RECOVERY CORPORATION. (OTCMKTS:UNDR) registered a decrease of 15% in short interest. UNDR’s total short interest was 42,500 shares in March as published by FINRA. Its down 15% from 50,000 shares, reported previously. With 2,800 shares average volume, it will take short sellers 15 days to cover their UNDR’s short positions.

It closed at $0.0002 lastly. It is down 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

UnderSea Recovery Corporation explores, locates, recovers, and sells shipwrecks, artifacts, and other cultural resources and objects of historical and archaeological interests. The company has market cap of $131,580. It researches and plans shipwreck salvages sites, discusses with various governments and professional consultants concerning potential shipwreck salvage sites, and develops technologies and forms capital. It currently has negative earnings. The firm also provides engages in the sales and public exhibition of recovered items; and sales of intellectual property rights, including documentaries, television specials, merchandise, books, and educational programs.

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