Universal Music Group (OTCMKTS:UNVGY) Short Interest Down 69.9% in January

Universal Music Group (OTCMKTS:UNVGY) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 40,500 shares, a decline of 69.9% from the January 15th total of 134,600 shares. Based on an average daily trading volume, of 287,000 shares, the days-to-cover ratio is presently 0.1 days.

Universal Music Group Stock Up 2.6 %

Shares of UNVGY traded up $0.38 during trading hours on Wednesday, reaching $14.78. 101,201 shares of the company traded hands, compared to its average volume of 181,111. The stock’s fifty day moving average is $12.86 and its 200 day moving average is $12.65. Universal Music Group has a 1-year low of $11.29 and a 1-year high of $15.85.

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.