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

Universal Music Group (OTCMKTS:UNVGY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 1,063,839 shares, a growth of 911.4% from the August 31st total of 105,180 shares. Based on an average daily volume of 1,823,413 shares, the days-to-cover ratio is currently 0.6 days.

Universal Music Group Price Performance

Shares of UNVGY stock traded down $0.09 during trading hours on Thursday, reaching $8.21. The company had a trading volume of 656,018 shares, compared to its average volume of 802,208. The stock has a fifty day moving average of $8.90 and a 200-day moving average of $10.09. Universal Music Group has a 12-month low of $8.01 and a 12-month high of $14.87.

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.