Short Interest in Universal Music Group (OTCMKTS:UNVGY) Decreases By 64.6%

Universal Music Group (OTCMKTS:UNVGY) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 13,800 shares, a drop of 64.6% from the October 15th total of 39,000 shares. Based on an average daily volume of 355,000 shares, the short-interest ratio is presently 0.0 days.

Universal Music Group Price Performance

UNVGY traded down 0.20 on Wednesday, hitting 12.25. 228,300 shares of the company’s stock were exchanged, compared to its average volume of 233,624. Universal Music Group has a twelve month low of 11.29 and a twelve month high of 15.85. The stock has a fifty day moving average of 12.82 and a two-hundred day moving average of 13.76.

Universal Music Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were paid a $0.0845 dividend. The ex-dividend date of this dividend was Thursday, October 3rd.

Universal Music Group Company Profile

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.