Short Interest in Universal Music Group (OTCMKTS:UNVGY) Declines By 75.5%

Universal Music Group (OTCMKTS:UNVGY) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 120,170 shares, a drop of 75.5% from the June 15th total of 490,542 shares. Based on an average daily volume of 1,964,472 shares, the days-to-cover ratio is presently 0.1 days.

Universal Music Group Trading Up 0.5%

Shares of UNVGY traded up $0.05 during midday trading on Friday, hitting $10.76. 300,731 shares of the company traded hands, compared to its average volume of 655,722. Universal Music Group has a one year low of $8.83 and a one year high of $16.60. The stock has a 50-day moving average of $10.94 and a 200-day moving average of $11.27.

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.