Short Interest in MediaCo Holding Inc. (NASDAQ:MDIA) Drops By 37.5%

MediaCo Holding Inc. (NASDAQ:MDIA) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 20,800 shares, a decrease of 37.5% from the December 15th total of 33,300 shares. Based on an average daily volume of 161,500 shares, the short-interest ratio is presently 0.1 days.

MediaCo Price Performance

Shares of NASDAQ MDIA opened at $1.09 on Tuesday. The firm’s 50 day simple moving average is $1.22 and its 200-day simple moving average is $2.18. MediaCo has a 12 month low of $0.40 and a 12 month high of $6.86. The stock has a market capitalization of $50.87 million, a price-to-earnings ratio of -0.60 and a beta of 0.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDIA. XTX Topco Ltd purchased a new stake in shares of MediaCo during the 2nd quarter worth about $53,000. Jane Street Group LLC acquired a new position in MediaCo in the 3rd quarter worth about $67,000. Finally, Exchange Traded Concepts LLC purchased a new position in MediaCo during the third quarter worth approximately $228,000. Hedge funds and other institutional investors own 64.01% of the company’s stock.

MediaCo Company Profile

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.