Short Interest in MediaCo Holding Inc. (NASDAQ:MDIA) Rises By 3,856.2%

MediaCo Holding Inc. (NASDAQ:MDIA) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 352,100 shares, a growth of 3,856.2% from the May 31st total of 8,900 shares. Based on an average daily trading volume, of 4,160,000 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

In related news, Director Corp Emmis sold 40,298 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1.25, for a total transaction of $50,372.50. Following the transaction, the director now directly owns 317,254 shares in the company, valued at $396,567.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by company insiders.

MediaCo Stock Down 4.0 %

MediaCo stock traded down $0.15 on Friday, hitting $3.60. The company’s stock had a trading volume of 110,060 shares, compared to its average volume of 2,232,595. MediaCo has a one year low of $0.40 and a one year high of $6.86. The firm has a market cap of $168.14 million, a P/E ratio of -1.99 and a beta of -0.34. The company has a fifty day moving average price of $1.92 and a 200-day moving average price of $1.23.

MediaCo Company Profile

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services.