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

Urban One, Inc. (NASDAQ:UONE - Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 40,900 shares, an increase of 45.6% from the November 30th total of 28,100 shares. Based on an average daily volume of 62,000 shares, the short-interest ratio is presently 0.7 days.

Urban One Stock Down 1.3 %

UONE traded down $0.02 on Friday, hitting $1.49. 29,425 shares of the company were exchanged, compared to its average volume of 82,227. Urban One has a twelve month low of $1.23 and a twelve month high of $4.27. The firm has a 50-day moving average price of $1.51 and a two-hundred day moving average price of $1.79. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The company has a market cap of $71.38 million, a price-to-earnings ratio of -0.88 and a beta of 0.95.

Urban One (NASDAQ:UONE - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 earnings per share (EPS) for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The company had revenue of $110.39 million during the quarter.

Insiders Place Their Bets

In related news, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $1.01, for a total value of $50,500.00. Following the sale, the chief accounting officer now directly owns 41,278 shares in the company, valued at approximately $41,690.78. The trade was a 54.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Kantor sold 350,000 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total transaction of $343,000.00. Following the transaction, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. The trade was a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 509,210 shares of company stock valued at $510,355. Insiders own 32.61% of the company's stock.

Hedge Funds Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Urban One, Inc. (NASDAQ:UONE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,801 shares of the company's stock, valued at approximately $27,000. 8.23% of the stock is currently 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.