Universal Music Group (OTCMKTS:UNVGY – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 1,063,839 shares, a growth of 911.4% from the August 31st total of 105,180 shares. Based on an average daily volume of 1,823,413 shares, the days-to-cover ratio is presently 0.6 days.
Universal Music Group Trading Up 0.6%
Shares of Universal Music Group stock opened at $8.26 on Friday. The business’s 50-day moving average price is $8.81 and its 200-day moving average price is $10.06. Universal Music Group has a 12 month low of $8.01 and a 12 month high of $14.87.
Universal Music Group Company Profile
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.
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