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

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

Universal Music Group Stock Down 1.6 %

OTCMKTS UNVGY traded down 0.20 during midday trading on Wednesday, hitting 12.25. 228,300 shares of the company traded hands, compared to its average volume of 233,624. Universal Music Group has a 52 week low of 11.29 and a 52 week high of 15.85. The company’s 50-day simple moving average is 12.82 and its 200-day simple moving average is 13.76.

Universal Music Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were given 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.