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

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

Urban One Trading Up 0.7 %

Urban One stock traded up $0.01 during mid-day trading on Thursday, hitting $1.51. The company’s stock had a trading volume of 283 shares, compared to its average volume of 20,294. The stock has a market cap of $72.33 million, a price-to-earnings ratio of -0.89 and a beta of 1.04. The business has a 50 day moving average price of $1.56 and a 200-day moving average price of $1.74. 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 has a 12 month low of $1.23 and a 12 month high of $4.10.

Urban One (NASDAQ:UONEGet Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $110.39 million for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Insider Activity

In other Urban One news, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at $7,899.78. The trade was a 89.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Peter Thompson sold 100,000 shares of Urban One stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total transaction of $107,000.00. Following the sale, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at $236,086.94. This represents a 31.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 579,560 shares of company stock worth $579,298. 32.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban One

A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC grew its stake in Urban One, Inc. (NASDAQ:UONEFree Report) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after acquiring an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 at the end of the most recent quarter. 8.23% of the stock is owned by institutional investors and hedge funds.

About Urban One

(Get Free Report)

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.

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