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

Universal Music Group (OTCMKTS:UNVGY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 395,609 shares, an increase 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 Price Performance

Shares of OTCMKTS:UNVGY opened at $10.43 on Friday. The business’s 50 day moving average is $10.77 and its 200 day moving average is $11.09. Universal Music Group has a 52-week low of $8.83 and a 52-week high of $16.37.

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.