Universal Music Group (OTCMKTS:UNVGY) Sees Large Decline in Short Interest

Universal Music Group (OTCMKTS:UNVGY) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 101,885 shares, a drop of 49.7% from the July 30th total of 202,431 shares. Based on an average trading volume of 2,750,778 shares, the days-to-cover ratio is presently 0.0 days.

Universal Music Group Trading Down 0.2%

Shares of Universal Music Group stock opened at $8.54 on Friday. Universal Music Group has a twelve month low of $8.15 and a twelve month high of $14.87. The company has a 50-day simple moving average of $9.71 and a two-hundred day simple moving average of $10.49.

About Universal Music Group

Universal Music Group (OTCMKTS: UNVGY) is a leading global music company that operates across the recorded music, music publishing, and merchandising sectors. The company signs, develops, and manages artists and songwriters, producing and distributing sound recordings and music videos. It holds a diverse catalogue spanning all major genres, representing both established superstars and emerging talent through renowned labels such as Interscope Geffen A&M, Capitol Music Group, Def Jam Recordings and Decca Records.

In its recorded music division, Universal Music Group collaborates with artists to create and market new releases, overseeing physical and digital distribution, licensing, and promotional activities.