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

Universal Music Group (OTCMKTS:UNVGY) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 13,400 shares, an increase of 13,300.0% from the August 15th total of 100 shares. Based on an average daily trading volume, of 1,622,100 shares, the days-to-cover ratio is currently 0.0 days.

Universal Music Group Price Performance

Shares of UNVGY traded up 0.16 during mid-day trading on Thursday, hitting 12.92. The stock had a trading volume of 117,200 shares, compared to its average volume of 181,357. Universal Music Group has a fifty-two week low of 11.29 and a fifty-two week high of 15.85. The company’s fifty day simple moving average is 13.17 and its two-hundred day simple moving average is 14.33.

Universal Music Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be given a $0.0845 dividend. The ex-dividend date is Thursday, October 3rd.

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.