Short Interest in Universal Music Group (OTCMKTS:UMGNF) Decreases By 21.1%

Universal Music Group (OTCMKTS:UMGNF) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 6,996,600 shares, a drop of 21.1% from the January 31st total of 8,870,400 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is currently 271.2 days.

Universal Music Group Trading Down 0.9 %

Shares of OTCMKTS:UMGNF opened at $27.46 on Tuesday. Universal Music Group has a 52 week low of $22.53 and a 52 week high of $32.24. The firm’s fifty day moving average is $26.99 and its 200-day moving average is $25.97.

About Universal Music Group

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.