Universal Music Group (OTCMKTS:UNVGY – Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 395,609 shares, a growth of 229.2% from the June 30th total of 120,170 shares. Based on an average daily volume of 917,072 shares, the short-interest ratio is currently 0.4 days.
Universal Music Group Price Performance
Shares of UNVGY stock opened at $10.43 on Monday. The stock has a fifty day moving average price of $10.77 and a 200 day moving average price of $11.08. Universal Music Group has a 1 year low of $8.83 and a 1 year high of $16.37.
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.
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