Universal Music Group (OTCMKTS:UNVGY) Sees Significant Growth in Short Interest

Universal Music Group (OTCMKTS:UNVGY) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 45,800 shares, an increase of 917.8% from the March 31st total of 4,500 shares. Based on an average daily trading volume, of 170,400 shares, the days-to-cover ratio is presently 0.3 days.

Universal Music Group Stock Up 0.2 %

Shares of UNVGY stock opened at 14.47 on Friday. The company has a 50-day moving average of 14.64 and a two-hundred day moving average of 14.03. Universal Music Group has a 1-year low of 9.64 and a 1-year high of 15.41.

Universal Music Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.0934 per share. The ex-dividend date of this dividend is Monday, May 20th. This is a positive change from Universal Music Group’s previous dividend of $0.09.

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.