Short Interest in Universal Music Group (OTCMKTS:UNVGY) Grows By 60.2%

Universal Music Group (OTCMKTS:UNVGY) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 57,500 shares, an increase of 60.2% from the December 15th total of 35,900 shares. Based on an average daily volume of 781,900 shares, the short-interest ratio is presently 0.1 days.

Universal Music Group Stock Down 0.2 %

OTCMKTS UNVGY traded down $0.03 during trading on Wednesday, reaching $12.29. 202,634 shares of the company traded hands, compared to its average volume of 311,529. Universal Music Group has a 1-year low of $11.29 and a 1-year high of $15.85. The stock’s 50 day moving average price is $12.37 and its two-hundred day moving average price is $12.84.

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.