Urban One Inc (NASDAQ:UONE) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 398,000 shares, a drop of 70.5% from the September 30th total of 1,350,000 shares. Based on an average trading volume of 2,260,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 39.9% of the company’s stock are sold short.
An institutional investor recently bought a new position in Urban One stock. UBS Group AG purchased a new position in shares of Urban One Inc (NASDAQ:UONE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,061 shares of the company’s stock, valued at approximately $82,000. Institutional investors and hedge funds own 0.26% of the company’s stock.
Shares of Urban One stock opened at $4.97 on Thursday. Urban One has a 52 week low of $0.95 and a 52 week high of $54.16. The business’s fifty day simple moving average is $4.86 and its 200-day simple moving average is $7.36. The firm has a market cap of $223.12 million, a PE ratio of -9.20 and a beta of 1.31. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 5.26.
Urban One (NASDAQ:UONE) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.03 EPS for the quarter. Urban One had a negative return on equity of 14.09% and a negative net margin of 6.27%. The business had revenue of $76.01 million for the quarter.
Several brokerages have weighed in on UONE. ValuEngine raised Urban One from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. TheStreet downgraded Urban One from a “c-” rating to a “d” rating in a report on Friday, August 28th.
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, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.
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