Universal Music Group (OTCMKTS:UMGNF) Short Interest Update

Universal Music Group (OTCMKTS:UMGNF) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 6,996,600 shares, a decline of 21.1% from the January 31st total of 8,870,400 shares. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is presently 271.2 days.

Universal Music Group Price Performance

Shares of UMGNF opened at $27.75 on Thursday. Universal Music Group has a 52-week low of $22.53 and a 52-week high of $32.24. The stock’s 50-day simple moving average is $27.08 and its 200 day simple moving average is $26.01.

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.