Urban One, Inc. (NASDAQ:UONE) Short Interest Update

Urban One, Inc. (NASDAQ:UONE) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 27,800 shares, a decrease of 30.5% from the September 15th total of 40,000 shares. Based on an average daily volume of 53,300 shares, the days-to-cover ratio is presently 0.5 days.

Urban One Price Performance

Shares of NASDAQ UONE traded up $0.06 during mid-day trading on Monday, reaching $1.42. 17,287 shares of the company were exchanged, compared to its average volume of 87,831. The company’s 50 day moving average price is $1.92 and its 200 day moving average price is $2.05. Urban One has a 52 week low of $1.23 and a 52 week high of $6.05. The company has a quick ratio of 2.76, a current ratio of 2.77 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $68.77 million, a PE ratio of -0.63 and a beta of 0.86.

Urban One (NASDAQ:UONE) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.57 EPS for the quarter. The firm had revenue of $117.74 million for the quarter. Urban One had a positive return on equity of 15.38% and a negative net margin of 22.45%.

Insiders Place Their Bets

In other news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the transaction, the chief financial officer now owns 320,642 shares of the company’s stock, valued at approximately $394,389.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 32.61% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 8.23% 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.