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

Urban One, Inc. (NASDAQ:UONEK) saw a significant 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 company’s shares are sold short. Based on an average daily volume of 26,200 shares, the short-interest ratio is presently 1.2 days.

Urban One Trading Up 4.1 %

Shares of UONEK stock opened at $1.02 on Friday. Urban One has a 1-year low of $0.92 and a 1-year high of $4.36. 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 stock has a 50-day moving average of $1.06 and a 200-day moving average of $1.31.

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

Insider Transactions at Urban One

In related news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the sale, the chief financial officer now directly owns 320,642 shares in the company, valued at $394,389.66. This represents a 38.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 50.45% of the company’s stock.

Hedge Funds Weigh In On Urban One

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

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.