Universal Music Group (OTCMKTS:UNVGY – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 39,000 shares, a growth of 36.4% from the September 30th total of 28,600 shares. Based on an average trading volume of 1,478,000 shares, the short-interest ratio is currently 0.0 days.
Universal Music Group Stock Performance
Shares of UNVGY stock opened at 12.85 on Tuesday. The stock’s 50 day simple moving average is 12.89 and its two-hundred day simple moving average is 13.91. Universal Music Group has a 1 year low of 11.29 and a 1 year high of 15.85.
Universal Music Group Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.0845 per share. The ex-dividend date is Thursday, October 3rd.
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.
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