Radio One, Inc. (NASDAQ:UONEK) Short Interest Down 50.0% in June

Radio One, Inc. (NASDAQ:UONEK) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 5,849 shares, a decrease of 50.0% from the May 31st total of 11,691 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 9,680 shares, the short-interest ratio is currently 0.6 days.

Radio One Stock Performance

NASDAQ:UONEK traded up $0.17 during mid-day trading on Wednesday, reaching $4.78. 470 shares of the stock were exchanged, compared to its average volume of 7,654. The stock has a market capitalization of $21.58 million, a P/E ratio of -0.15 and a beta of 0.36. Radio One has a 1 year low of $4.18 and a 1 year high of $14.00. The company has a 50 day simple moving average of $4.95 and a 200-day simple moving average of $6.60. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 17.92.

Radio One (NASDAQ:UONEK) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) earnings per share for the quarter. The firm had revenue of $77.65 million during the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of Radio One by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after buying an additional 2,474 shares during the last quarter. Barclays PLC increased its position in Radio One by 48.9% in the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 382,559 shares during the period. Finally, Zazove Associates LLC raised its stake in Radio One by 1.2% during the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after acquiring an additional 58,732 shares during the last quarter. 19.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a research report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Radio One presently has an average rating of “Sell”.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.