Urban One, Inc. (NASDAQ:UONE) Short Interest Up 63.8% in November

Urban One, Inc. (NASDAQ:UONE) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 38,500 shares, a growth of 63.8% from the October 31st total of 23,500 shares. Based on an average trading volume of 61,000 shares, the days-to-cover ratio is presently 0.6 days.

Urban One Stock Up 9.3 %

Shares of NASDAQ:UONE opened at $1.65 on Friday. The firm has a fifty day moving average of $1.52 and a 200 day moving average of $1.87. 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 capitalization of $79.04 million, a PE ratio of -0.97 and a beta of 0.92. Urban One has a 52-week low of $1.23 and a 52-week high of $4.46.

Urban One (NASDAQ:UONE) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 earnings per share 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.

Insiders Place Their Bets

In other Urban One news, CFO Peter Thompson sold 200,000 shares of Urban One stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total transaction 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. The trade was a 38.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 32.61% of the company’s stock.

Hedge Funds Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC increased its holdings in shares of Urban One, Inc. (NASDAQ:UONE) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the company’s stock after purchasing an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 8.23% of the company’s stock.

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.