MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Update

MediaCo Holding Inc. (NASDAQ:MDIA) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 82,739 shares, an increase of 135.4% from the May 31st total of 35,146 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 426,138 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. JPMorgan Chase & Co. purchased a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned about 2.37% of MediaCo at the end of the most recent quarter. 64.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

MediaCo Price Performance

Shares of MDIA stock traded down $0.04 during trading hours on Wednesday, hitting $0.94. The stock had a trading volume of 41,553 shares, compared to its average volume of 90,130. The stock’s 50-day moving average price is $0.86 and its two-hundred day moving average price is $0.73. MediaCo has a one year low of $0.54 and a one year high of $1.64. The stock has a market capitalization of $77.07 million, a price-to-earnings ratio of -1.12 and a beta of 0.08.

MediaCo (NASDAQ:MDIA) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $31.39 million during the quarter.

MediaCo Company Profile

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.