Urban One, Inc. (NASDAQ:UONE) Short Interest Down 33.7% in January

Urban One, Inc. (NASDAQ:UONE) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 27,100 shares, a drop of 33.7% from the December 31st total of 40,900 shares. Based on an average daily volume of 58,800 shares, the days-to-cover ratio is currently 0.5 days.

Urban One Price Performance

Shares of NASDAQ UONE opened at $1.40 on Wednesday. Urban One has a one year low of $1.23 and a one year high of $4.09. 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’s fifty day moving average is $1.54 and its two-hundred day moving average is $1.71. The firm has a market capitalization of $66.83 million, a P/E ratio of -0.82 and a beta of 1.04.

Urban One (NASDAQ:UONE) last released its quarterly earnings data 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 for the quarter.

Insiders Place Their Bets

In other news, 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 transaction, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at $7,899.78. The trade was a 97.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Peter Thompson sold 100,000 shares of Urban One stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total transaction of $107,000.00. Following the completion of the transaction, the chief financial officer now directly owns 220,642 shares in the company, valued at $236,086.94. The trade was a 31.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 579,560 shares of company stock valued at $579,298. 32.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,801 shares of the company’s stock, valued at approximately $27,000. 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.