MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 74,400 shares, a decline of 36.7% from the February 13th total of 117,600 shares. Based on an average daily volume of 118,600 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company's stock are short sold.
MediaCo Trading Up 4.4 %
Shares of MDIA stock traded up $0.05 on Wednesday, reaching $1.18. 1,641 shares of the stock were exchanged, compared to its average volume of 1,142,697. MediaCo has a twelve month low of $0.40 and a twelve month high of $6.86. The company has a market capitalization of $55.07 million, a price-to-earnings ratio of -0.65 and a beta of -0.07. The business's 50 day moving average price is $1.13 and its 200 day moving average price is $1.36.
Institutional Investors Weigh In On MediaCo
An institutional investor recently bought a new position in MediaCo stock. Jane Street Group LLC bought a new stake in MediaCo Holding Inc. (NASDAQ:MDIA - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 52,279 shares of the company's stock, valued at approximately $67,000. Jane Street Group LLC owned about 0.11% of MediaCo as of its most recent filing with the Securities & Exchange Commission. 64.01% of the stock is currently owned by institutional investors and hedge funds.
MediaCo Company Profile
(
Get Free Report)
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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