Universal Music Group (OTCMKTS:UNVGY) Sees Significant Growth in Short Interest

Universal Music Group (OTCMKTS:UNVGY) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 54,500 shares, an increase of 16.5% from the February 13th total of 46,800 shares. Based on an average daily volume of 292,300 shares, the days-to-cover ratio is presently 0.2 days.

Universal Music Group Stock Performance

Shares of UNVGY stock opened at $13.93 on Thursday. Universal Music Group has a 12 month low of $11.29 and a 12 month high of $15.85. The company’s fifty day moving average price is $13.88 and its 200-day moving average price is $13.06.

Universal Music Group Company Profile

Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations.