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

Universal Music Group (OTCMKTS:UNVGY) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 490,542 shares, a growth of 400.7% from the May 31st total of 97,968 shares. Based on an average daily trading volume, of 1,321,267 shares, the short-interest ratio is currently 0.4 days.

Universal Music Group Stock Performance

Shares of UNVGY stock opened at $10.40 on Friday. The business has a fifty day simple moving average of $11.13 and a 200 day simple moving average of $11.41. Universal Music Group has a twelve month low of $8.83 and a twelve month high of $16.60.

About Universal Music Group

Universal Music Group (OTCMKTS: UNVGY) is a leading global music company that operates across the recorded music, music publishing, and merchandising sectors. The company signs, develops, and manages artists and songwriters, producing and distributing sound recordings and music videos. It holds a diverse catalogue spanning all major genres, representing both established superstars and emerging talent through renowned labels such as Interscope Geffen A&M, Capitol Music Group, Def Jam Recordings and Decca Records.

In its recorded music division, Universal Music Group collaborates with artists to create and market new releases, overseeing physical and digital distribution, licensing, and promotional activities.