Universal Music Group (OTCMKTS:UNVGY) Short Interest Up 77.9% in May

Universal Music Group (OTCMKTS:UNVGY) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 27,400 shares, a growth of 77.9% from the April 30th total of 15,400 shares. Based on an average trading volume of 206,100 shares, the days-to-cover ratio is currently 0.1 days.

Universal Music Group Trading Up 0.3%

OTCMKTS UNVGY opened at $15.86 on Monday. Universal Music Group has a 12 month low of $11.29 and a 12 month high of $16.11. The company’s 50 day simple moving average is $14.32 and its 200 day simple moving average is $13.62.

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.