Short Interest in Urban One, Inc. (NASDAQ:UONE) Declines By 33.7%

Urban One, Inc. (NASDAQ:UONE) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 27,100 shares, a drop of 33.7% from the December 31st total of 40,900 shares. Based on an average daily volume of 58,800 shares, the days-to-cover ratio is currently 0.5 days.

Urban One Trading Down 1.1 %

Shares of Urban One stock traded down $0.02 during trading on Friday, hitting $1.38. 1,642 shares of the company were exchanged, compared to its average volume of 27,410. The firm has a market capitalization of $65.86 million, a P/E ratio of -0.81 and a beta of 1.04. The firm’s fifty day moving average price is $1.54 and its 200 day moving average price is $1.71. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. Urban One has a 1-year low of $1.23 and a 1-year high of $4.00.

Urban One (NASDAQ:UONE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $110.39 million during the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Insider Buying and Selling

In other Urban One news, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.01, for a total transaction of $50,500.00. Following the completion of the sale, the chief accounting officer now owns 41,278 shares of the company’s stock, valued at approximately $41,690.78. The trade was a 54.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Thompson sold 100,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value of $107,000.00. Following the completion of the transaction, the chief financial officer now directly owns 220,642 shares in the company, valued at approximately $236,086.94. This trade represents a 31.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 579,560 shares of company stock worth $579,298 over the last three months. 32.61% of the stock is currently owned by company insiders.

Institutional Trading of Urban One

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

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.