Short Interest in Urban One, Inc. (NASDAQ:UONE) Declines By 33.7%

Urban One, Inc. (NASDAQ:UONE) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 27,100 shares, a decrease of 33.7% from the December 15th total of 40,900 shares. Based on an average daily trading volume, of 58,800 shares, the short-interest ratio is currently 0.5 days.

Urban One Stock Performance

Shares of Urban One stock traded down $0.03 during trading on Wednesday, reaching $1.52. The company’s stock had a trading volume of 21,592 shares, compared to its average volume of 21,066. The company has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $1.74. Urban One has a fifty-two week low of $1.23 and a fifty-two week high of $4.10. The firm has a market cap of $72.82 million, a PE ratio of -0.89 and a beta of 1.04. 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 (NASDAQ:UONE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 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.

Insider Activity

In related news, CAO Karen Wishart sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.01, for a total transaction of $50,500.00. Following the transaction, the chief accounting officer now owns 41,278 shares in the company, valued at $41,690.78. This trade represents a 54.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David M. Kantor sold 350,000 shares of the business’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 completion of the sale, the chief executive officer now owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This represents a 97.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 509,210 shares of company stock worth $510,355. Corporate insiders own 32.61% of the company’s stock.

Institutional Trading of Urban One

A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC lifted its stake in shares of Urban One, Inc. (NASDAQ:UONE) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the company’s stock after purchasing an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned about 0.40% of Urban One worth $398,000 at the end of the most recent quarter. 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.