MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 126,400 shares, a drop of 45.9% from the January 15th total of 233,800 shares. Based on an average trading volume of 146,900 shares, the days-to-cover ratio is presently 0.9 days.
Institutional Investors Weigh In On MediaCo
A hedge fund recently bought a new stake in MediaCo stock. Jane Street Group LLC bought a new stake in MediaCo Holding Inc. (NASDAQ:MDIA - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 52,279 shares of the company's stock, valued at approximately $67,000. Jane Street Group LLC owned approximately 0.11% of MediaCo at the end of the most recent reporting period. 64.01% of the stock is owned by institutional investors.
MediaCo Trading Down 2.1 %
Shares of MDIA stock traded down $0.03 during trading hours on Monday, reaching $1.16. The stock had a trading volume of 10,618 shares, compared to its average volume of 219,797. The stock's fifty day simple moving average is $1.15 and its 200 day simple moving average is $1.80. The firm has a market capitalization of $53.90 million, a PE ratio of -0.64 and a beta of 0.01. MediaCo has a 12 month low of $0.40 and a 12 month high of $6.86.
About MediaCo
(
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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.
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