Urban One, Inc. (NASDAQ:UONE – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 36,400 shares, a drop of 34.4% from the August 15th total of 55,500 shares. Based on an average daily trading volume, of 144,100 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Urban One
An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Urban One, Inc. (NASDAQ:UONE – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,801 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 8.23% of the company’s stock.
Urban One Stock Down 1.0 %
Shares of NASDAQ UONE traded down $0.02 during midday trading on Friday, hitting $1.91. 17,454 shares of the stock traded hands, compared to its average volume of 92,110. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.76 and a current ratio of 2.77. Urban One has a one year low of $1.67 and a one year high of $6.05. The business has a 50 day moving average price of $2.03 and a two-hundred day moving average price of $2.18. The company has a market cap of $92.50 million, a PE ratio of 11.24 and a beta of 0.87.
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.
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