Universal Music Group (OTCMKTS:UNVGY – Get Free Report) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 204,625 shares, a decline of 51.9% from the October 15th total of 425,608 shares. Based on an average daily volume of 707,531 shares, the days-to-cover ratio is currently 0.3 days.
Universal Music Group Stock Performance
OTCMKTS UNVGY traded up $0.23 during trading on Friday, reaching $9.66. The company’s stock had a trading volume of 144,108 shares, compared to its average volume of 788,996. The firm has a 50 day moving average price of $8.70 and a 200 day moving average price of $10.04. Universal Music Group has a 12 month low of $7.84 and a 12 month high of $13.33.
About Universal Music Group
Universal Music Group is a global music-based entertainment company headquartered in Hilversum, the Netherlands. Its core businesses include recorded music, music publishing and artist-related services. Through a portfolio of record labels, the company discovers and develops artists and releases, promotes and distributes music across streaming, physical and other formats. Its music publishing business represents songwriters and manages music copyrights and licensing. Universal Music Group serves artists, songwriters and audiences around the world, with operations and creative businesses across numerous international markets.
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