Urban One, Inc. (NASDAQ:UONEK) Short Interest Down 18.2% in November

Urban One, Inc. (NASDAQ:UONEK) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 24,800 shares, a drop of 18.2% from the November 15th total of 30,300 shares. Based on an average daily trading volume, of 28,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

Urban One Stock Performance

Shares of UONEK stock opened at $1.01 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market cap of $48.38 million, a P/E ratio of -0.59 and a beta of 0.56. The firm’s 50 day moving average price is $1.05 and its 200-day moving average price is $1.26. Urban One has a one year low of $0.92 and a one year high of $4.25.

Urban One (NASDAQ:UONEK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The business had revenue of $110.39 million during the quarter.

Insider Buying and Selling

In related news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the transaction, the chief financial officer now directly owns 320,642 shares in the company, valued at approximately $394,389.66. This represents a 38.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David M. Kantor sold 350,000 shares of Urban One stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total value of $343,000.00. Following the completion of the sale, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. This represents a 97.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 659,210 shares of company stock worth $705,855. 50.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Urban One, Inc. (NASDAQ:UONEK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,938 shares of the company’s stock, valued at approximately $27,000. 19.70% of the stock is currently owned by hedge funds and other 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.