Short Interest in Universal Music Group (OTCMKTS:UMGNF) Declines By 21.1%

Universal Music Group (OTCMKTS:UMGNF) was the recipient of 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 trading volume of 25,800 shares, the days-to-cover ratio is currently 271.2 days.

Universal Music Group Price Performance

UMGNF stock opened at $27.46 on Tuesday. The firm has a 50-day moving average price of $26.99 and a 200-day moving average price of $25.97. Universal Music Group has a 12 month low of $22.53 and a 12 month high of $32.24.

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.