Short Interest in Urban One, Inc. (NASDAQ:UONEK) Drops By 32.8%

Urban One, Inc. (NASDAQ:UONEK) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 30,300 shares, a decline of 32.8% from the October 31st total of 45,100 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is currently 1.2 days.

Urban One Stock Up 4.1 %

UONEK traded up $0.04 during midday trading on Friday, reaching $1.02. 24,749 shares of the company were exchanged, compared to its average volume of 47,736. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. Urban One has a one year low of $0.92 and a one year high of $4.36. The company’s fifty day moving average price is $1.06 and its 200 day moving average price is $1.32. The company has a market cap of $48.86 million, a price-to-earnings ratio of -0.62 and a beta of 0.56.

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

Insider Activity at Urban One

In other news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the transaction, the chief financial officer now directly owns 320,642 shares of the company’s stock, valued at $394,389.66. This represents a 38.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 50.45% of the stock is currently owned by insiders.

Institutional Trading of Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Urban One, Inc. (NASDAQ:UONEK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,938 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 19.70% of the company’s stock.

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.