Universal Music Group (OTCMKTS:UNVGY – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 312,732 shares, a drop of 70.6% from the September 15th total of 1,063,839 shares. Based on an average daily volume of 1,806,527 shares, the days-to-cover ratio is currently 0.2 days.
Universal Music Group Price Performance
OTCMKTS:UNVGY opened at $8.58 on Wednesday. The stock’s 50 day simple moving average is $8.37 and its 200-day simple moving average is $9.93. Universal Music Group has a 12-month low of $7.84 and a 12-month high of $13.82.
Universal Music Group Company Profile
Universal Music Group N.V. is a global music-based entertainment company involved in the discovery, development, recording, marketing and distribution of music. Its recorded-music operations represent a broad roster of artists across genres and include labels such as Republic Records, Capitol Records, Interscope Geffen A&M, Island Records, Def Jam Recordings, Motown Records and Verve Label Group.
The company also operates a music-publishing business that manages copyrights and licenses musical compositions for recordings, film, television, advertising, games and other uses.
Featured Stories
- Five stocks we like better than Universal Music Group
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Receive News & Ratings for Universal Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Music Group and related companies with MarketBeat.com's FREE daily email newsletter.
