Urban One, Inc. (NASDAQ:UONEK) Short Interest Update

Urban One, Inc. (NASDAQ:UONEK) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 31,000 shares, a growth of 39.0% from the January 31st total of 22,300 shares. Based on an average daily trading volume, of 28,400 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are sold short.

Urban One Stock Performance

NASDAQ UONEK traded down $0.03 on Wednesday, hitting $0.66. 71,837 shares of the company’s stock traded hands, compared to its average volume of 44,869. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One has a 1-year low of $0.66 and a 1-year high of $3.05. The firm’s 50-day moving average price is $0.87 and its two-hundred day moving average price is $1.03. The firm has a market capitalization of $31.67 million, a PE ratio of -0.39 and a beta of 0.56.

Insider Activity

In related news, CFO Peter Thompson sold 100,000 shares of Urban One stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value of $107,000.00. Following the completion of the sale, the chief financial officer now directly owns 220,642 shares in the company, valued at $236,086.94. This trade represents a 31.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction that occurred on Monday, January 13th. The stock was 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 owns 8,061 shares of the company’s stock, valued at $7,899.78. This trade represents a 89.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 229,560 shares of company stock worth $236,298. Corporate insiders own 50.45% of the company’s stock.

Institutional Trading of Urban One

A hedge fund recently raised its stake in Urban One stock. Barclays PLC raised its holdings in shares of Urban One, Inc. (NASDAQ:UONEK) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 757,230 shares of the company’s stock after acquiring an additional 256,205 shares during the period. Barclays PLC owned approximately 1.58% of Urban One worth $753,000 at the end of the most recent quarter. Institutional investors own 19.70% 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.