Urban One, Inc. (NASDAQ:UONEK) Sees Significant Growth in Short Interest

Urban One, Inc. (NASDAQ:UONEK) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 40,300 shares, a growth of 115.5% from the February 28th total of 18,700 shares. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the shares of the stock are short sold.

Insiders Place Their Bets

In other news, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now owns 8,061 shares of the company’s stock, valued at $7,899.78. The trade was a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 50.45% of the stock is currently owned by company insiders.

Institutional Trading of Urban One

An institutional investor recently raised its position in Urban One stock. Barclays PLC raised its stake in Urban One, Inc. (NASDAQ:UONEK) by 51.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 757,230 shares of the company’s stock after buying an additional 256,205 shares during the quarter. Barclays PLC owned approximately 1.58% of Urban One worth $753,000 at the end of the most recent quarter. Institutional investors own 19.70% of the company’s stock.

Urban One Price Performance

Shares of Urban One stock opened at $0.74 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The business has a 50 day simple moving average of $0.76 and a two-hundred day simple moving average of $0.95. The stock has a market capitalization of $35.26 million, a P/E ratio of -0.43 and a beta of 0.59. Urban One has a 12 month low of $0.60 and a 12 month high of $2.07.

Urban One (NASDAQ:UONEK) last announced its earnings results on Thursday, March 27th. The company reported ($0.25) earnings per share (EPS) for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%. The business had revenue of $117.13 million for the quarter.

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.