Urban One, Inc. (NASDAQ:UONEK) Sees Large Increase in Short Interest

Urban One, Inc. (NASDAQ:UONEK) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 40,300 shares, a growth of 115.5% from the February 28th total of 18,700 shares. Based on an average trading volume of 30,400 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the company’s stock are short sold.

Urban One Trading Up 0.8 %

Urban One stock opened at $0.74 on Friday. The business’s 50-day simple moving average is $0.76 and its 200-day simple moving average is $0.95. Urban One has a 52 week low of $0.60 and a 52 week high of $2.07. The firm has a market capitalization of $35.26 million, a PE ratio of -0.43 and a beta of 0.59. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91.

Urban One (NASDAQ:UONEK) last posted its quarterly earnings data on Thursday, March 27th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $117.13 million during the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Insiders Place Their Bets

In other Urban One news, CEO David M. Kantor sold 70,350 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the transaction, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. This trade represents a 89.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 50.45% of the company’s stock.

Hedge Funds Weigh In On Urban One

A hedge fund recently raised its stake in Urban One stock. Barclays PLC increased its position in shares of Urban One, Inc. (NASDAQ:UONEK) by 51.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 757,230 shares of the company’s stock after acquiring an additional 256,205 shares during the quarter. Barclays PLC owned about 1.58% of Urban One worth $753,000 at the end of the most recent quarter. 19.70% of the stock is currently owned by institutional investors.

About Urban One

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.