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

Urban One, Inc. (NASDAQ:UONEK) saw a large decline in short interest in 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. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 26,200 shares, the short-interest ratio is currently 1.2 days.

Insider Activity

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the firm’s 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 sale, the chief financial officer now directly owns 320,642 shares in the company, 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 is accessible through this link. 50.45% of the stock is owned by company insiders.

Institutional Trading of Urban One

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:UONEK) during the second quarter, according to the company in its most recent 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. Institutional investors own 19.70% of the company’s stock.

Urban One Trading Up 4.1 %

Shares of UONEK stock opened at $1.02 on Friday. The firm has a fifty day moving average of $1.06 and a 200-day moving average of $1.31. Urban One has a 12-month low of $0.92 and a 12-month high of $4.36. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91.

Urban One (NASDAQ:UONEK) last announced 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 during the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

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, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.