Universal Music Group (OTCMKTS:UNVGY – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 139,526 shares, a decline of 55.7% from the April 15th total of 315,127 shares. Based on an average daily volume of 759,673 shares, the short-interest ratio is currently 0.2 days.
Universal Music Group Stock Up 1.3%
Shares of UNVGY stock opened at $11.81 on Friday. Universal Music Group has a one year low of $8.83 and a one year high of $16.60. The stock has a fifty day moving average price of $10.67 and a 200 day moving average price of $11.83.
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.
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