Short Interest in Urban One, Inc. (NASDAQ:UONE) Grows By 45.6%

Urban One, Inc. (NASDAQ:UONE) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 40,900 shares, an increase of 45.6% from the November 30th total of 28,100 shares. Based on an average daily volume of 62,000 shares, the days-to-cover ratio is currently 0.7 days.

Insider Activity

In related news, CEO David M. Kantor sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total value of $343,000.00. Following the sale, the chief executive officer now owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 97.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Peter Thompson sold 100,000 shares of Urban One stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total transaction of $107,000.00. Following the completion of the sale, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at approximately $236,086.94. This trade represents a 31.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 509,210 shares of company stock valued at $510,355 over the last ninety days. 32.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Urban One, Inc. (NASDAQ:UONE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is currently owned by hedge funds and other institutional investors.

Urban One Stock Performance

NASDAQ:UONE traded down $0.02 on Friday, hitting $1.49. The stock had a trading volume of 29,425 shares, compared to its average volume of 82,227. The business’s 50-day simple moving average is $1.51 and its two-hundred day simple moving average is $1.78. The stock has a market cap of $71.38 million, a price-to-earnings ratio of -0.88 and a beta of 0.95. Urban One has a 52-week low of $1.23 and a 52-week high of $4.27. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90.

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

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.