Universal Music Group (OTCMKTS:UNVGY) Short Interest Down 60.6% in December

Universal Music Group (OTCMKTS:UNVGY) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 35,900 shares, a decline of 60.6% from the November 30th total of 91,100 shares. Based on an average trading volume of 291,500 shares, the short-interest ratio is presently 0.1 days.

Universal Music Group Stock Performance

Universal Music Group stock opened at $12.91 on Friday. The company has a 50-day moving average price of $12.42 and a 200 day moving average price of $13.10. Universal Music Group has a 12-month low of $11.29 and a 12-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.