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

Posted by Renee Jackson on Apr 27th, 2024

Universal Music Group (OTCMKTS:UNVGY – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 45,800 shares, a growth of 917.8% from the March 31st total of 4,500 shares. Based on an average daily trading volume, of 170,400 shares, the days-to-cover ratio is presently 0.3 days.

Universal Music Group Price Performance

Shares of UNVGY traded up 0.24 during mid-day trading on Friday, hitting 14.71. The stock had a trading volume of 54,900 shares, compared to its average volume of 75,228. Universal Music Group has a fifty-two week low of 9.64 and a fifty-two week high of 15.41. The company’s fifty day simple moving average is 14.65 and its two-hundred day simple moving average is 14.04.

Universal Music Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, May 21st will be issued a $0.0934 dividend. The ex-dividend date is Monday, May 20th. This is an increase from Universal Music Group’s previous dividend of $0.09.

Universal Music Group Company Profile

(Get Free Report)

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.