Urban One, Inc. (NASDAQ:UONE) Short Interest Down 33.7% in January

Urban One, Inc. (NASDAQ:UONE - Get Free Report) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 27,100 shares, a drop of 33.7% from the December 31st total of 40,900 shares. Based on an average daily volume of 58,800 shares, the days-to-cover ratio is presently 0.5 days.

Urban One Stock Down 1.4 %

NASDAQ:UONE traded down $0.02 during mid-day trading on Friday, hitting $1.37. The company had a trading volume of 8,215 shares, compared to its average volume of 26,572. The business has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.70. The firm has a market capitalization of $65.63 million, a price-to-earnings ratio of -0.81 and a beta of 1.04. Urban One has a 1 year low of $1.23 and a 1 year high of $4.00. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90.

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

Insider Activity

In related news, CFO Peter Thompson sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value of $107,000.00. Following the transaction, the chief financial officer now owns 220,642 shares in the company, valued at approximately $236,086.94. This trade represents a 31.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Karen Wishart sold 50,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.01, for a total transaction of $50,500.00. Following the sale, the chief accounting officer now owns 41,278 shares of the company's stock, valued at approximately $41,690.78. This represents a 54.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 579,560 shares of company stock valued at $579,298 in the last three months. Corporate insiders own 32.61% of the company's stock.

Institutional Inflows and Outflows

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) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,801 shares of the company's stock, valued at approximately $27,000. 8.23% of the stock is currently owned by hedge funds and other institutional investors.

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.