Short Interest in Universal Music Group (OTCMKTS:UNVGY) Drops By 60.6%

Universal Music Group (OTCMKTS:UNVGY) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 35,900 shares, a drop of 60.6% from the November 30th total of 91,100 shares. Based on an average daily trading volume, of 291,500 shares, the days-to-cover ratio is presently 0.1 days.

Universal Music Group Price Performance

Shares of Universal Music Group stock opened at $12.91 on Friday. The firm has a 50 day simple moving average of $12.42 and a 200 day simple moving average of $13.08. Universal Music Group has a fifty-two week low of $11.29 and a fifty-two week high of $15.85.

Universal Music Group Company Profile

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.