Short Interest in Urban One, Inc. (NASDAQ:UONE) Decreases By 17.3%

Urban One, Inc. (NASDAQ:UONE - Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 23,500 shares, a drop of 17.3% from the October 15th total of 28,400 shares. Based on an average daily volume of 46,500 shares, the short-interest ratio is currently 0.5 days.

Urban One Stock Performance

Shares of NASDAQ:UONE opened at $1.41 on Friday. Urban One has a 12-month low of $1.23 and a 12-month high of $4.55. The business has a 50 day moving average of $1.63 and a 200-day moving average of $1.92. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.76 and a current ratio of 2.91.

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

Insider Buying and Selling

In related news, CFO Peter Thompson sold 200,000 shares of Urban One stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the completion of the transaction, the chief financial officer now owns 320,642 shares in the company, valued at approximately $394,389.66. This trade represents a 38.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Urban One, Inc. (NASDAQ:UONE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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.