Universal Music Group (OTCMKTS:UNVGY – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 312,732 shares, a drop of 70.6% from the September 15th total of 1,063,839 shares. Based on an average daily volume of 1,806,527 shares, the short-interest ratio is currently 0.2 days.
Universal Music Group Trading Down 0.4%
OTCMKTS:UNVGY opened at $8.27 on Tuesday. The firm’s fifty day moving average price is $8.37 and its 200 day moving average price is $9.94. Universal Music Group has a 1-year low of $7.84 and a 1-year high of $13.82.
Universal Music Group Company Profile
Universal Music Group N.V. is a global music-based entertainment company involved in the discovery, development, recording, marketing and distribution of music. Its recorded-music operations represent a broad roster of artists across genres and include labels such as Republic Records, Capitol Records, Interscope Geffen A&M, Island Records, Def Jam Recordings, Motown Records and Verve Label Group.
The company also operates a music-publishing business that manages copyrights and licenses musical compositions for recordings, film, television, advertising, games and other uses.
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