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

Universal Music Group (OTCMKTS:UNVGY) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 54,500 shares, an increase of 16.5% from the February 13th total of 46,800 shares. Based on an average daily trading volume, of 292,300 shares, the short-interest ratio is presently 0.2 days.

Universal Music Group Trading Down 1.3 %

UNVGY stock opened at $13.94 on Wednesday. Universal Music Group has a 12-month low of $11.29 and a 12-month high of $15.85. The business’s 50-day moving average is $13.85 and its 200 day moving average is $13.05.

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.