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

Universal Music Group (OTCMKTS:UNVGY) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 120,170 shares, a decline of 75.5% from the June 15th total of 490,542 shares. Based on an average 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 stock opened at $10.81 on Tuesday. The business has a fifty day moving average price of $10.95 and a 200 day moving average price of $11.24. Universal Music Group has a fifty-two week low of $8.83 and a fifty-two week high of $16.60.

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.