Urban One, Inc. (NASDAQ:UONEK) Short Interest Update

Urban One, Inc. (NASDAQ:UONEK) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 40,300 shares, an increase of 115.5% from the February 28th total of 18,700 shares. Based on an average daily trading volume, of 30,400 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the company’s stock are sold short.

Insider Buying and Selling at Urban One

In other news, CEO David M. Kantor sold 70,350 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at $7,899.78. This trade represents a 89.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 50.45% of the company’s stock.

Institutional Trading of Urban One

A hedge fund recently raised its stake in Urban One stock. Barclays PLC raised its position in Urban One, Inc. (NASDAQ:UONEK) by 51.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 757,230 shares of the company’s stock after purchasing an additional 256,205 shares during the period. Barclays PLC owned 1.58% of Urban One worth $753,000 at the end of the most recent reporting period. 19.70% of the stock is currently owned by institutional investors.

Urban One Price Performance

Urban One stock opened at $0.73 on Friday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The company has a market cap of $34.97 million, a price-to-earnings ratio of -0.43 and a beta of 0.59. Urban One has a 12 month low of $0.60 and a 12 month high of $2.17. The business’s 50 day simple moving average is $0.77 and its 200 day simple moving average is $0.96.

Urban One (NASDAQ:UONEK) last released its quarterly earnings data on Thursday, March 27th. The company reported ($0.25) EPS for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%.

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.