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

MediaCo Holding Inc. (NASDAQ:MDIA) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 260,700 shares, a decrease of 16.4% from the June 30th total of 311,900 shares. Based on an average daily volume of 312,200 shares, the days-to-cover ratio is currently 0.8 days.

MediaCo Stock Up 19.7 %

MDIA traded up $0.69 during trading on Friday, hitting $4.19. The company’s stock had a trading volume of 64,826 shares, compared to its average volume of 1,943,641. The firm has a market capitalization of $195.69 million, a P/E ratio of -2.31 and a beta of -0.02. MediaCo has a twelve month low of $0.40 and a twelve month high of $6.86. The stock’s fifty day moving average price is $2.50 and its 200-day moving average price is $1.62.

MediaCo (NASDAQ:MDIA) last issued its earnings results on Wednesday, May 15th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $6.71 million for the quarter.

Insider Activity

In related news, Director Corp Emmis sold 40,298 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1.25, for a total value of $50,372.50. Following the transaction, the director now owns 317,254 shares in the company, valued at $396,567.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.67% of the company’s stock.

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.