Short Interest in Urban One, Inc. (NASDAQ:UONE) Drops By 27.0%

Urban One, Inc. (NASDAQ:UONE) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 28,100 shares, a decrease of 27.0% from the November 15th total of 38,500 shares. Based on an average trading volume of 63,500 shares, the days-to-cover ratio is presently 0.4 days.

Insider Activity

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total transaction of $246,000.00. Following the completion of the sale, the chief financial officer now owns 320,642 shares in the company, valued at approximately $394,389.66. The trade was a 38.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Kantor sold 350,000 shares of Urban One stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total value of $343,000.00. Following the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This trade represents a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban One

A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC boosted its position in Urban One, Inc. (NASDAQ:UONE) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 filing with the SEC. 8.23% of the stock is currently owned by institutional investors and hedge funds.

Urban One Trading Down 3.0 %

Shares of NASDAQ:UONE traded down $0.05 during mid-day trading on Friday, reaching $1.63. The stock had a trading volume of 8,900 shares, compared to its average volume of 84,343. The firm has a market cap of $78.08 million, a PE ratio of -0.99 and a beta of 0.95. The firm has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $1.84. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One has a twelve month low of $1.23 and a twelve month high of $4.35.

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

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.