Urban One, Inc. (NASDAQ:UONE) Sees Large Decrease in Short Interest

Urban One, Inc. (NASDAQ:UONE) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 23,500 shares, a drop of 17.3% from the October 15th total of 28,400 shares. Based on an average trading volume of 46,500 shares, the days-to-cover ratio is currently 0.5 days.

Insider Activity at Urban One

In related news, CFO Peter Thompson sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the sale, the chief financial officer now directly owns 320,642 shares in the company, valued at approximately $394,389.66. The trade was a 38.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 32.61% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC boosted its position in shares of Urban One, Inc. (NASDAQ:UONE) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200,000 shares of the company’s stock after buying an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned approximately 0.40% of Urban One worth $398,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.23% of the company’s stock.

Urban One Stock Up 6.4 %

NASDAQ UONE opened at $1.50 on Friday. Urban One has a twelve month low of $1.23 and a twelve month high of $4.53. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.76 and a current ratio of 2.91. The stock has a market cap of $72.64 million, a PE ratio of -0.88 and a beta of 0.92. The firm has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.91.

Urban One (NASDAQ:UONE) last issued its earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share for the quarter. The business 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%.

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.