Short Interest in Universal Music Group (OTCMKTS:UNVGY) Decreases By 75.5%

Universal Music Group (OTCMKTS:UNVGY) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 120,170 shares, a decrease of 75.5% from the June 15th total of 490,542 shares. Based on an average daily trading volume, of 1,964,472 shares, the days-to-cover ratio is presently 0.1 days.

Universal Music Group Stock Up 0.5%

UNVGY traded up $0.05 on Friday, hitting $10.76. The company’s stock had a trading volume of 300,731 shares, compared to its average volume of 655,722. Universal Music Group has a 12 month low of $8.83 and a 12 month high of $16.60. The company’s 50 day simple moving average is $10.94 and its 200-day simple moving average is $11.27.

Universal Music Group Company Profile

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.