MediaCo Holding Inc. (NASDAQ:MDIA) Sees Significant Decrease in Short Interest

MediaCo Holding Inc. (NASDAQ:MDIA) was the recipient of a large decline in short interest during the month of 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. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 118,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MediaCo stock. Jane Street Group LLC bought a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 SEC filing. 64.01% of the stock is owned by institutional investors and hedge funds.

MediaCo Trading Down 1.3 %

MediaCo stock traded down $0.02 during midday trading on Monday, hitting $1.16. 5,727 shares of the stock were exchanged, compared to its average volume of 1,147,218. The stock’s 50-day simple moving average is $1.13 and its 200 day simple moving average is $1.39. MediaCo has a fifty-two week low of $0.40 and a fifty-two week high of $6.86. The stock has a market capitalization of $53.90 million, a price-to-earnings ratio of -0.64 and a beta of -0.07.

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.