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

Urban One, Inc. (NASDAQ:UONE) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 27,100 shares, a decrease of 33.7% from the December 15th total of 40,900 shares. Based on an average daily trading volume, of 58,800 shares, the days-to-cover ratio is presently 0.5 days.

Urban One Stock Up 0.6 %

Shares of UONE stock opened at $1.58 on Tuesday. Urban One has a 12 month low of $1.23 and a 12 month high of $4.10. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The firm has a market cap of $75.69 million, a PE ratio of -0.93 and a beta of 1.04. The stock has a 50 day moving average of $1.55 and a 200-day moving average of $1.74.

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

Insiders Place Their Bets

In related news, CFO Peter Thompson sold 100,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value 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 approximately $236,086.94. This represents a 31.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Karen Wishart sold 50,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.01, for a total value of $50,500.00. Following the transaction, the chief accounting officer now directly owns 41,278 shares in the company, valued at approximately $41,690.78. This represents a 54.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 509,210 shares of company stock worth $510,355 in the last quarter. 32.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Urban One, Inc. (NASDAQ:UONE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is currently owned by institutional investors.

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.