Universal Music Group (OTCMKTS:UNVGY) Short Interest Up 917.8% in April

Universal Music Group (OTCMKTS:UNVGY) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 45,800 shares, an increase of 917.8% from the March 31st total of 4,500 shares. Based on an average daily volume of 170,400 shares, the days-to-cover ratio is presently 0.3 days.

Universal Music Group Price Performance

Shares of UNVGY traded up 0.24 during midday trading on Friday, reaching 14.71. 54,900 shares of the stock were exchanged, compared to its average volume of 75,228. Universal Music Group has a 52 week low of 9.64 and a 52 week high of 15.41. The company’s 50 day moving average is 14.65 and its two-hundred day moving average is 14.04.

Universal Music Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 27th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.0934 per share. The ex-dividend date of this dividend is Monday, May 20th. This is a positive change from Universal Music Group’s previous dividend of $0.09.

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.