Urban One, Inc. (NASDAQ:UONE) Short Interest Down 30.5% in September

Urban One, Inc. (NASDAQ:UONE) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 27,800 shares, a drop of 30.5% from the September 15th total of 40,000 shares. Based on an average trading volume of 53,300 shares, the short-interest ratio is currently 0.5 days.

Urban One Price Performance

Shares of UONE stock traded up $0.03 on Friday, hitting $1.36. 146,943 shares of the stock traded hands, compared to its average volume of 88,190. The firm has a market cap of $67.55 million, a price-to-earnings ratio of 8.00 and a beta of 0.86. Urban One has a 52 week low of $1.23 and a 52 week high of $6.05. The firm has a 50 day simple moving average of $1.92 and a two-hundred day simple moving average of $2.05. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.77 and a quick ratio of 2.76.

Urban One (NASDAQ:UONE) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.57 EPS for the quarter. The firm had revenue of $117.74 million for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.

Insiders Place Their Bets

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the transaction, the chief financial officer now directly owns 320,642 shares in the company, valued at approximately $394,389.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 29.54% of the company’s stock.

Hedge Funds Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Urban One, Inc. (NASDAQ:UONE) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 8.23% of the company’s stock.

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.