Urban One, Inc. (NASDAQ:UONEK) Short Interest Update

Urban One, Inc. (NASDAQ:UONEK) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 31,000 shares, an increase of 39.0% from the January 31st total of 22,300 shares. Based on an average daily volume of 28,400 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold.

Urban One Trading Down 4.2 %

Urban One stock traded down $0.03 during midday trading on Wednesday, reaching $0.66. 71,837 shares of the stock traded hands, compared to its average volume of 44,869. The company has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $1.03. Urban One has a 12-month low of $0.66 and a 12-month high of $3.05. The firm has a market cap of $31.67 million, a PE ratio of -0.39 and a beta of 0.56. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90.

Insider Activity at Urban One

In other news, CEO David M. Kantor sold 70,350 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the transaction, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. This represents a 89.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Peter Thompson sold 100,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total value of $107,000.00. Following the transaction, the chief financial officer now owns 220,642 shares of the company’s stock, valued at approximately $236,086.94. This represents a 31.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 229,560 shares of company stock valued at $236,298. 50.45% of the stock is owned by insiders.

Hedge Funds Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Barclays PLC grew its stake in Urban One, Inc. (NASDAQ:UONEK) by 51.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 757,230 shares of the company’s stock after buying an additional 256,205 shares during the quarter. Barclays PLC owned 1.58% of Urban One worth $753,000 as of its most recent filing with the SEC. 19.70% of the stock is owned by institutional investors and hedge funds.

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.