MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Down 16.0% in February

MediaCo Holding Inc. (NASDAQ:MDIA) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 79,882 shares, a decline of 16.0% from the February 12th total of 95,064 shares. Based on an average daily volume of 17,712 shares, the short-interest ratio is currently 4.5 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 17,712 shares, the short-interest ratio is currently 4.5 days.

Institutional Investors Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. Citadel Advisors LLC purchased a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned about 0.06% of MediaCo as of its most recent SEC filing. Institutional investors own 64.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MediaCo in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

MediaCo Price Performance

Shares of MDIA traded up $0.01 during midday trading on Monday, hitting $0.66. The stock had a trading volume of 2,850 shares, compared to its average volume of 75,459. The firm has a market cap of $54.10 million, a price-to-earnings ratio of -1.22 and a beta of -0.16. The company has a 50 day simple moving average of $0.63 and a two-hundred day simple moving average of $0.91. MediaCo has a twelve month low of $0.54 and a twelve month high of $1.60.

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. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.