Urban One, Inc. (NASDAQ:UONEK) Sees Significant Decline in Short Interest

Urban One, Inc. (NASDAQ:UONEK) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 30,300 shares, a decline of 32.8% from the October 31st total of 45,100 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 26,200 shares, the days-to-cover ratio is currently 1.2 days.

Urban One Stock Up 7.1 %

NASDAQ UONEK traded up $0.07 during trading hours on Friday, reaching $1.05. 22,642 shares of the company’s stock were exchanged, compared to its average volume of 47,710. 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 company has a market capitalization of $50.30 million, a price-to-earnings ratio of -0.58 and a beta of 0.56. The company’s 50-day moving average is $1.06 and its two-hundred day moving average is $1.32. Urban One has a one year low of $0.92 and a one year high of $4.36.

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

Insider Transactions at Urban One

In related news, CFO Peter Thompson sold 200,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the sale, the chief financial officer now owns 320,642 shares of the company’s stock, valued at approximately $394,389.66. This trade represents a 38.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 50.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Urban One, Inc. (NASDAQ:UONEK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,938 shares of the company’s stock, valued at approximately $27,000. 19.70% of the stock is 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.