Urban One, Inc. (NASDAQ:UONEK) Short Interest Down 48.5% in July

Urban One, Inc. (NASDAQ:UONEK) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 83,400 shares, a drop of 48.5% from the July 15th total of 162,000 shares. Based on an average daily volume of 68,900 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.6% of the company’s stock are sold short.

Urban One Stock Down 0.7 %

NASDAQ:UONEK traded down $0.01 during midday trading on Thursday, reaching $1.39. The company had a trading volume of 18,643 shares, compared to its average volume of 57,914. Urban One has a 12-month low of $1.25 and a 12-month high of $5.92. The firm has a market capitalization of $69.04 million, a price-to-earnings ratio of 8.18 and a beta of 0.61. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 2.25. The stock’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $1.95.

Urban One (NASDAQ:UONEK) last issued its earnings results on Friday, June 7th. The company reported $0.15 earnings per share for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 14.83%. The firm had revenue of $104.41 million for the quarter.

Institutional Investors Weigh In On Urban One

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC grew its position in shares of Urban One by 8.1% in the 1st quarter. Empowered Funds LLC now owns 133,337 shares of the company’s stock valued at $272,000 after buying an additional 9,975 shares during the last quarter. Zazove Associates LLC grew its holdings in shares of Urban One by 0.4% during the fourth quarter. Zazove Associates LLC now owns 2,464,165 shares of the company’s stock worth $8,699,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Urban One during the second quarter worth about $27,000. Institutional investors and hedge funds own 19.70% of the company’s stock.

Urban One Company Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.