Universal Music Group (OTCMKTS:UNVGY) Short Interest Down 48.8% in July

Universal Music Group (OTCMKTS:UNVGY) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 202,431 shares, a drop of 48.8% from the July 15th total of 395,609 shares. Based on an average trading volume of 2,735,614 shares, the days-to-cover ratio is currently 0.1 days.

Universal Music Group Stock Down 0.1%

Shares of OTCMKTS UNVGY traded down $0.01 on Monday, hitting $8.59. The company’s stock had a trading volume of 302,637 shares, compared to its average volume of 791,944. The stock has a 50 day moving average of $10.09 and a 200-day moving average of $10.71. Universal Music Group has a 12-month low of $8.15 and a 12-month high of $14.87.

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.