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

MediaCo Holding Inc. (NASDAQ:MDIA) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 352,100 shares, an increase of 3,856.2% from the May 31st total of 8,900 shares. Based on an average daily volume of 4,160,000 shares, the days-to-cover ratio is presently 0.1 days.

MediaCo Stock Performance

Shares of NASDAQ MDIA traded down $0.15 during trading on Friday, hitting $3.60. The company had a trading volume of 109,341 shares, compared to its average volume of 2,232,595. MediaCo has a 12 month low of $0.40 and a 12 month high of $6.86. The firm has a market capitalization of $168.14 million, a P/E ratio of -1.99 and a beta of -0.34. The stock has a 50 day simple moving average of $1.92 and a 200 day simple moving average of $1.23.

Insider Buying and Selling at MediaCo

In other MediaCo news, Director Corp Emmis sold 40,298 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $1.25, for a total transaction of $50,372.50. Following the completion of the sale, the director now directly owns 317,254 shares of the company’s stock, valued at $396,567.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

About MediaCo

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.