MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Update

MediaCo Holding Inc. (NASDAQ:MDIA) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 116,100 shares, a drop of 23.8% from the August 15th total of 152,400 shares. Based on an average trading volume of 289,100 shares, the days-to-cover ratio is presently 0.4 days.

MediaCo Stock Up 0.5 %

Shares of MediaCo stock opened at $2.06 on Monday. MediaCo has a fifty-two week low of $0.40 and a fifty-two week high of $6.86. The business’s fifty day moving average is $3.59 and its two-hundred day moving average is $2.40. The firm has a market cap of $96.21 million, a PE ratio of -1.14 and a beta of -0.01.

Institutional Trading of MediaCo

An institutional investor recently bought a new position in MediaCo stock. XTX Topco Ltd purchased a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,632 shares of the company’s stock, valued at approximately $53,000. 64.01% of the stock is owned by institutional investors.

MediaCo Company Profile

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services.