Universal Music Group (OTCMKTS:UMGNF) Sees Large Decline in Short Interest

Universal Music Group (OTCMKTS:UMGNF) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 6,996,600 shares, a decline of 21.1% from the January 31st total of 8,870,400 shares. Based on an average daily volume of 25,800 shares, the short-interest ratio is presently 271.2 days.

Universal Music Group Stock Down 0.5 %

OTCMKTS UMGNF opened at $27.75 on Thursday. Universal Music Group has a 52 week low of $22.53 and a 52 week high of $32.24. The stock’s 50-day moving average price is $27.08 and its 200-day moving average price is $26.01.

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.