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

Urban One, Inc. (NASDAQ:UONEK) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 18,700 shares, a decline of 39.7% from the February 13th total of 31,000 shares. Based on an average daily trading volume, of 33,000 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Urban One Price Performance

UONEK stock opened at $0.62 on Monday. The firm has a market cap of $29.70 million, a price-to-earnings ratio of -0.36 and a beta of 0.59. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One has a 12-month low of $0.60 and a 12-month high of $2.17. The company’s fifty day simple moving average is $0.81 and its 200 day simple moving average is $0.99.

Insider Activity at Urban One

In related news, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 50.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Barclays PLC lifted 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period. Institutional investors and hedge funds own 19.70% of the company’s stock.

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.