Short Interest in Urban One, Inc. (NASDAQ:UONE) Declines By 33.7%

by · The Markets Daily

Urban One, Inc. (NASDAQ:UONE – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 27,100 shares, a decline 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.

Insider Activity at Urban One

In related news, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $1.01, for a total value of $50,500.00. Following the completion of the transaction, the chief accounting officer now owns 41,278 shares in the company, valued at approximately $41,690.78. The trade was a 54.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David M. Kantor sold 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total transaction of $343,000.00. Following the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. The trade was 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 509,210 shares of company stock worth $510,355. 32.61% of the stock is currently owned by company insiders.

Institutional Trading of 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:UONE – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is owned by institutional investors and hedge funds.

Urban One Stock Down 1.9 %

Shares of NASDAQ:UONE traded down $0.03 during trading on Wednesday, hitting $1.52. The company’s stock had a trading volume of 21,592 shares, compared to its average volume of 21,066. Urban One has a fifty-two week low of $1.23 and a fifty-two week high of $4.10. The business has a 50 day moving average price of $1.55 and a two-hundred day moving average price of $1.74. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market capitalization of $72.82 million, a PE ratio of -0.89 and a beta of 1.04.

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

Urban One Company Profile

(Get Free Report)

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.

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