MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 36,000 shares, a decrease of 31.9% from the March 15th total of 52,900 shares. Based on an average daily trading volume, of 111,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company's shares are sold short.
MediaCo Stock Down 1.7 %
Shares of MDIA traded down $0.02 during trading on Wednesday, reaching $1.13. 22,272 shares of the company traded hands, compared to its average volume of 141,489. The stock has a 50-day simple moving average of $1.15 and a 200-day simple moving average of $1.20. The stock has a market cap of $52.74 million, a PE ratio of -3.14 and a beta of -0.46. MediaCo has a twelve month low of $0.92 and a twelve month high of $5.73.
MediaCo (NASDAQ:MDIA - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $32.80 million during the quarter.
Hedge Funds Weigh In On MediaCo
A hedge fund recently bought a new stake in MediaCo stock. Jane Street Group LLC acquired a new stake in MediaCo Holding Inc. (NASDAQ:MDIA - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,279 shares of the company's stock, valued at approximately $67,000. Jane Street Group LLC owned 0.11% of MediaCo as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 64.01% of the company's stock.
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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