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

Universal Music Group (OTCMKTS:UNVGY) was the target of a significant drop in short interest in 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 short-interest ratio is currently 0.1 days.

Universal Music Group Price Performance

Shares of UNVGY stock traded up $0.08 during mid-day trading on Monday, reaching $10.84. The stock had a trading volume of 273,010 shares, compared to its average volume of 652,191. The stock’s 50-day moving average price is $10.94 and its two-hundred day moving average price is $11.25. Universal Music Group has a 52-week low of $8.83 and a 52-week high of $16.60.

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.