Universal Music Group (OTCMKTS:UNVGY) Sees Significant Increase in Short Interest

Universal Music Group (OTCMKTS:UNVGY) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 54,500 shares, a growth of 16.5% from the February 13th total of 46,800 shares. Based on an average daily volume of 292,300 shares, the days-to-cover ratio is currently 0.2 days.

Universal Music Group Price Performance

UNVGY opened at $13.94 on Wednesday. The company’s 50 day simple moving average is $13.85 and its two-hundred day simple moving average is $13.05. Universal Music Group has a 1-year low of $11.29 and a 1-year high of $15.85.

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.