Urban One, Inc. (NASDAQ:UONEK) Short Interest Down 18.2% in November

Urban One, Inc. (NASDAQ:UONEK) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 24,800 shares, a decrease of 18.2% from the November 15th total of 30,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 28,000 shares, the days-to-cover ratio is currently 0.9 days.

Insider Activity at Urban One

In other Urban One news, CEO David M. Kantor sold 350,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. The trade was a 97.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Peter Thompson sold 200,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 320,642 shares of the company’s stock, valued at $394,389.66. This trade represents a 38.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 659,210 shares of company stock worth $705,855 in the last 90 days. 50.45% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Urban One, Inc. (NASDAQ:UONEK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,938 shares of the company’s stock, valued at approximately $27,000. 19.70% of the stock is currently owned by institutional investors.

Urban One Trading Down 1.9 %

NASDAQ UONEK opened at $1.01 on Friday. Urban One has a 52-week low of $0.92 and a 52-week high of $4.25. The firm has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.26. The stock has a market capitalization of $48.38 million, a P/E ratio of -0.59 and a beta of 0.56. 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:UONEK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 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 $110.39 million during 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.