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

Urban One, Inc. (NASDAQ:UONE) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 27,800 shares, a decline of 30.5% from the September 15th total of 40,000 shares. Based on an average daily volume of 53,300 shares, the short-interest ratio is presently 0.5 days.

Urban One Stock Up 4.4 %

UONE traded up $0.06 during trading on Monday, reaching $1.42. The stock had a trading volume of 17,287 shares, compared to its average volume of 87,831. Urban One has a one year low of $1.23 and a one year high of $6.05. The company has a market capitalization of $68.77 million, a price-to-earnings ratio of -0.63 and a beta of 0.86. The company has a current ratio of 2.77, a quick ratio of 2.76 and a debt-to-equity ratio of 2.54. The stock’s 50 day moving average is $1.92 and its two-hundred day moving average is $2.05.

Urban One (NASDAQ:UONE) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%. The company had revenue of $117.74 million during the quarter.

Insider Activity

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the sale, the chief financial officer now directly owns 320,642 shares in the company, valued at $394,389.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 32.61% of the company’s stock.

Hedge Funds Weigh In On Urban One

A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC increased its stake in Urban One, Inc. (NASDAQ:UONE) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 200,000 shares of the company’s stock after buying an additional 9,764 shares during the period. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 as of its most recent filing with the Securities & Exchange Commission. 8.23% of the stock is currently owned by institutional investors.

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.