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

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

Universal Music Group Stock Up 0.2 %

OTCMKTS:UNVGY opened at 14.47 on Friday. Universal Music Group has a 52-week low of 9.64 and a 52-week high of 15.41. The stock has a fifty day simple moving average of 14.64 and a 200-day simple moving average of 14.03.

Universal Music Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, May 21st will be paid a $0.0934 dividend. This is an increase from Universal Music Group’s previous dividend of $0.09. The ex-dividend date of this dividend is Monday, May 20th.

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.