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Universal Music Group (UMGNF) Short Interest Ratio & Short Volume

Universal Music Group logo
$25.42 +0.11 (+0.43%)
(As of 12/20/2024 05:55 PM ET)

Universal Music Group Short Interest Data

Universal Music Group (UMGNF) has a short interest of 8.00 million shares. This marks a -22.38% decrease in short interest from the previous month. The short interest ratio (days to cover) is 88.6, indicating that it would take 88.6 days of the average trading volume of 16,974 shares to cover all short positions.

Current Short Interest
7,998,800 shares
Previous Short Interest
10,304,600 shares
Change Vs. Previous Month
-22.38%
Dollar Volume Sold Short
$193.89 million
Short Interest Ratio
88.6 Days to Cover
Last Record Date
November 30, 2024
Today's Trading Volume
3,936 shares
Average Trading Volume
16,974 shares
Today's Volume Vs. Average
23%
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UMGNF Short Interest Over Time

UMGNF Days to Cover Over Time

UMGNF Percentage of Float Shorted Over Time

Universal Music Group Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
11/30/20247,998,800 shares $193.89 million -22.4%N/A88.6 $24.24
11/15/202410,304,600 shares $251.28 million +19.4%N/A512.7 $24.39
10/31/20248,632,500 shares $217.19 million +2.1%N/A447.3 $25.16
10/15/20248,457,600 shares $222.28 million +0.2%N/A192.2 $26.28
9/30/20248,439,200 shares $230.64 million +12.7%N/A71.9 $27.33
9/15/20247,488,900 shares $195.82 million -14.7%N/A589.7 $26.15
8/31/20248,783,400 shares $237.04 million +12.8%N/A686.2 $26.99
8/15/20247,784,400 shares $188.93 million +3.9%N/A245.6 $24.27
7/31/20247,489,400 shares $175.78 million -10.2%N/A131.2 $23.47
7/15/20248,340,300 shares $252.42 million +26.4%N/A2978.7 $30.27
6/30/20246,599,500 shares $198.35 million +48.9%N/A1137.8 $30.06
6/15/20244,433,400 shares $134.15 million +26.8%N/A1303.9 $30.26
5/31/20243,495,600 shares $110.57 million +13.8%N/A236.2 $31.63
5/15/20243,070,700 shares $93.41 million +8.1%N/A653.3 $30.42
4/30/20242,839,600 shares $83.43 million +5.9%N/A423.8 $29.38
4/15/20242,682,000 shares $77.36 million -17.0%N/A154.1 $28.85
3/31/20243,230,200 shares $97.05 million +17.3%N/A33.8 $30.04
3/15/20242,754,800 shares $81.82 million +10.8%N/A362.5 $29.70
2/29/20242,485,900 shares $74.93 million -1.6%N/A77.2 $30.14
2/15/20242,525,800 shares $73.48 million -6.2%N/A268.7 $29.09
1/15/20242,488,200 shares $73.70 million -8.3%N/A108.7 $29.62
12/31/20232,713,700 shares $78.32 million +0.1%N/A222.9 $28.86
12/15/20232,709,800 shares $76.23 million -3.0%N/A206.9 $28.13
11/30/20232,792,500 shares $73.79 million +1.2%N/A236.7 $26.43
11/15/20232,758,800 shares $72.36 million +9.8%N/A86.2 $26.23
10/31/20232,512,600 shares $61.44 million -4.4%N/A153.2 $24.45
10/15/20232,628,400 shares $69.33 million -14.2%N/A130.8 $26.38
9/30/20233,064,300 shares $79.93 million +22.8%N/A43.2 $26.09
9/15/20232,496,100 shares $63.50 million -6.3%N/A332.8 $25.44

UMGNF Short Interest - Frequently Asked Questions

What is Universal Music Group's current short interest?

Short interest is the volume of Universal Music Group shares that have been sold short but have not yet been closed out or covered. As of November 30th, traders have sold 7,998,800 shares of UMGNF short. Learn More on Universal Music Group's current short interest.

What is a good short interest ratio for Universal Music Group?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. UMGNF shares currently have a short interest ratio of 89.0. Learn More on Universal Music Group's short interest ratio.

Is Universal Music Group's short interest increasing or decreasing?

Universal Music Group saw a drop in short interest in November. As of November 30th, there was short interest totaling 7,998,800 shares, a drop of 22.4% from the previous total of 10,304,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

What does it mean to sell short Universal Music Group stock?

Short selling UMGNF is an investing strategy that aims to generate trading profit from Universal Music Group as its price is falling. UMGNF shares are trading up $0.11 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Universal Music Group?

A short squeeze for Universal Music Group occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of UMGNF, which in turn drives the price of the stock up even further.

How often is Universal Music Group's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including UMGNF, twice per month. The most recent reporting period available is November, 30 2024.




This page (OTCMKTS:UMGNF) was last updated on 12/22/2024 by MarketBeat.com Staff
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