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

Urban One, Inc. (NASDAQ:UONEK) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 24,800 shares, a decrease of 18.2% from the November 15th total of 30,300 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 28,000 shares, the days-to-cover ratio is presently 0.9 days.

Insider Transactions at Urban One

In related news, CFO Peter Thompson sold 100,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total transaction of $107,000.00. Following the completion of the sale, the chief financial officer now directly owns 220,642 shares in the company, valued at $236,086.94. This represents a 31.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David M. Kantor sold 350,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total value of $343,000.00. Following the sale, the chief executive officer now owns 8,061 shares of the company’s stock, valued at $7,899.78. This trade represents a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,210 shares of company stock valued at $705,855. 50.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Urban One, Inc. (NASDAQ:UONEK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,938 shares of the company’s stock, valued at approximately $27,000. 19.70% of the stock is owned by institutional investors.

Urban One Stock Down 1.9 %

Urban One stock traded down $0.02 during midday trading on Friday, reaching $1.01. The company’s stock had a trading volume of 21,268 shares, compared to its average volume of 47,187. The stock’s 50-day simple moving average is $1.05 and its 200-day simple moving average is $1.27. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. Urban One has a 52-week low of $0.92 and a 52-week high of $4.25. The stock has a market capitalization of $48.38 million, a P/E ratio of -0.59 and a beta of 0.56.

Urban One (NASDAQ:UONEK) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%. The company had revenue of $110.39 million during the quarter.

About Urban One

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.