MediaCo Holding Inc. (NASDAQ:MDIA) Sees Significant Decrease in Short Interest

MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 20,800 shares, a drop of 37.5% from the December 15th total of 33,300 shares. Based on an average daily volume of 161,500 shares, the days-to-cover ratio is presently 0.1 days.

MediaCo Trading Down 4.6 %

Shares of NASDAQ:MDIA traded down $0.05 during trading on Tuesday, hitting $1.04. 34,610 shares of the company's stock traded hands, compared to its average volume of 705,000. The company has a 50-day moving average price of $1.22 and a 200-day moving average price of $2.18. MediaCo has a 52 week low of $0.40 and a 52 week high of $6.86. The company has a market cap of $48.54 million, a price-to-earnings ratio of -0.57 and a beta of 0.01.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MDIA. Exchange Traded Concepts LLC acquired a new position in shares of MediaCo during the third quarter worth about $228,000. XTX Topco Ltd bought a new position in shares of MediaCo during the 2nd quarter worth approximately $53,000. Finally, Jane Street Group LLC acquired a new stake in shares of MediaCo in the third quarter valued at approximately $67,000. Institutional investors own 64.01% of the company's stock.

About MediaCo

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.