Short Interest in MediaCo Holding Inc. (NASDAQ:MDIA) Decreases By 23.8%

MediaCo Holding Inc. (NASDAQ:MDIA) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 116,100 shares, a decrease of 23.8% from the August 15th total of 152,400 shares. Based on an average daily trading volume, of 289,100 shares, the days-to-cover ratio is currently 0.4 days.

MediaCo Stock Performance

Shares of NASDAQ:MDIA traded up $0.01 during mid-day trading on Friday, hitting $2.06. The stock had a trading volume of 30,298 shares, compared to its average volume of 1,575,876. MediaCo has a 12-month low of $0.40 and a 12-month high of $6.86. The company has a market cap of $96.21 million, a PE ratio of -1.14 and a beta of -0.01. The company’s 50 day moving average is $3.59 and its 200-day moving average is $2.39.

Institutional Trading of MediaCo

A hedge fund recently bought a new stake in MediaCo stock. XTX Topco Ltd purchased a new position in MediaCo Holding Inc. (NASDAQ:MDIA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,632 shares of the company’s stock, valued at approximately $53,000. 64.01% of the stock is currently owned by institutional investors and hedge funds.

MediaCo Company Profile

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services.