Universal Technical Institute, Inc. (NYSE:UTI) Short Interest Down 30.7% in May

Universal Technical Institute, Inc. (NYSE:UTI) Short Interest Down 30.7% in May

Universal Technical Institute, Inc. (NYSE:UTI - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 1,600,000 shares, a decline of 30.7% from the April 30th total of 2,310,000 shares. Based on an average trading volume of 883,700 shares, the days-to-cover ratio is presently 1.8 days. Currently, 3.5% of the shares of the stock are short sold.