Short Interest in Universal Music Group (OTCMKTS:UNVGY) Increases By 229.2%

Universal Music Group (OTCMKTS:UNVGY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 395,609 shares, a growth of 229.2% from the June 30th total of 120,170 shares. Based on an average trading volume of 917,072 shares, the days-to-cover ratio is presently 0.4 days.

Universal Music Group Trading Up 1.8%

Universal Music Group stock opened at $10.43 on Friday. Universal Music Group has a 12-month low of $8.83 and a 12-month high of $16.37. The firm’s fifty day moving average is $10.77 and its 200 day moving average is $11.09.

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.