Universal Music Group (OTCMKTS:UNVGY) Short Interest Down 26.5% in July

Universal Music Group (OTCMKTS:UNVGY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 49,400 shares, a drop of 26.5% from the June 30th total of 67,200 shares. Based on an average trading volume of 164,300 shares, the days-to-cover ratio is currently 0.3 days.

Universal Music Group Stock Down 2.4 %

Universal Music Group stock traded down 0.29 on Friday, reaching 11.62. 348,400 shares of the stock were exchanged, compared to its average volume of 88,312. The firm has a fifty day moving average price of 15.00 and a two-hundred day moving average price of 14.85. Universal Music Group has a twelve month low of 11.29 and a twelve month high of 15.85.

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.