MediaCo Holding Inc. (NASDAQ:MDIA) Stock Short Interest Rises 88.2%

MediaCo Holding Inc. (NASDAQ:MDIA – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 12,718 shares, a growth of 88.2% from the August 31st total of 6,757 shares. Based on an average daily trading volume, of 15,692 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of MediaCo from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Read Our Latest Report on MDIA

MediaCo Stock Down 1.4%

Shares of MediaCo stock opened at $1.07 on Tuesday. MediaCo has a 52 week low of $0.54 and a 52 week high of $1.64. The business has a 50 day moving average price of $1.05 and a 200-day moving average price of $0.91. The company has a market cap of $90.32 million, a PE ratio of -1.30 and a beta of -0.05.

MediaCo (NASDAQ:MDIA – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $33.97 million during the quarter.

Hedge Funds Weigh In On MediaCo

An institutional investor recently bought a new stake in MediaCo stock. Citadel Advisors LLC bought a new position in MediaCo Holding Inc. (NASDAQ:MDIA – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 28,302 shares of the company’s stock, valued at approximately $28,000. 64.01% of the stock is owned by institutional investors and hedge funds.

MediaCo Company Profile

(Get Free Report)

MediaCo Holding, Inc (NASDAQ: MDIA) is a media and entertainment company focused on audio broadcasting and digital media. The company develops, distributes and monetizes music, news, talk and cultural programming through its radio and digital platforms, while also providing advertising and promotional opportunities for businesses and organizations.

MediaCo’s principal broadcast properties include WQHT-FM, known as Hot 97, and WBLS-FM, two longstanding urban-format radio stations serving the New York metropolitan area.

Further Reading

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