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

Universal Music Group (OTCMKTS:UNVGY) was the recipient of 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 volume of 292,300 shares, the days-to-cover ratio is presently 0.2 days.

Universal Music Group Price Performance

OTCMKTS UNVGY opened at $13.75 on Friday. The business’s 50 day moving average price is $13.90 and its 200-day moving average price is $13.06. 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.