MediaCo Holding Inc. (NASDAQ:MDIA – Get Free Report) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 74,400 shares, a decline of 36.7% from the February 13th total of 117,600 shares. Based on an average trading volume of 118,600 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On MediaCo
A hedge fund recently bought a new stake in MediaCo stock. Jane Street Group LLC purchased a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 52,279 shares of the company’s stock, valued at approximately $67,000. Jane Street Group LLC owned 0.11% of MediaCo as of its most recent filing with the SEC. 64.01% of the stock is currently owned by hedge funds and other institutional investors.
MediaCo Price Performance
Shares of MediaCo stock traded up $0.02 during trading on Friday, reaching $1.17. 11,101 shares of the company traded hands, compared to its average volume of 140,953. The firm has a market capitalization of $54.60 million, a PE ratio of -0.65 and a beta of -0.07. The company has a 50 day moving average price of $1.13 and a 200-day moving average price of $1.42. MediaCo has a 1-year low of $0.40 and a 1-year high of $6.86.
About MediaCo
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.
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