Short Interest in Urban One, Inc. (NASDAQ:UONEK) Drops By 48.5%

Urban One, Inc. (NASDAQ:UONEK) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 83,400 shares, a decrease of 48.5% from the July 15th total of 162,000 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 68,900 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Empowered Funds LLC boosted its position in shares of Urban One, Inc. (NASDAQ:UONEK) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 133,337 shares of the company’s stock after acquiring an additional 9,975 shares during the period. Empowered Funds LLC owned 0.27% of Urban One worth $272,000 at the end of the most recent quarter. Institutional investors own 19.70% of the company’s stock.

Urban One Stock Performance

Shares of NASDAQ UONEK traded up $0.06 during trading on Tuesday, reaching $1.37. 7,398 shares of the company traded hands, compared to its average volume of 58,443. The firm has a 50 day simple moving average of $1.46 and a 200-day simple moving average of $1.95. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $68.05 million, a PE ratio of 8.06 and a beta of 0.61. Urban One has a 52-week low of $1.25 and a 52-week high of $5.92.

Urban One (NASDAQ:UONEK) last announced its quarterly earnings results on Friday, June 7th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $104.41 million for the quarter. Urban One had a net margin of 2.64% and a return on equity of 34.66%.

Urban One Company Profile

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.