Short Interest in Urban One, Inc. (NASDAQ:UONE) Rises By 41.1%

Urban One, Inc. (NASDAQ:UONE - Get Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 62,100 shares, an increase of 41.1% from the February 28th total of 44,000 shares. Currently, 0.2% of the company's stock are short sold. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is presently 2.6 days.

Urban One Stock Performance

Shares of NASDAQ:UONE traded down $0.05 during midday trading on Thursday, reaching $1.38. 5,366 shares of the company's stock traded hands, compared to its average volume of 21,928. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. Urban One has a one year low of $1.23 and a one year high of $3.33. The company has a market cap of $66.13 million, a price-to-earnings ratio of -0.81 and a beta of 0.95. The stock has a 50 day moving average of $1.40 and a 200 day moving average of $1.50.

Urban One (NASDAQ:UONE - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported ($0.78) earnings per share (EPS) for the quarter. The company had revenue of $117.13 million during the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%.

Insider Transactions at Urban One

In other news, CEO David M. Kantor sold 70,350 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares of the company's stock, valued at approximately $7,899.78. This represents a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 32.61% of the company's stock.

Institutional Trading of Urban One

Large investors have recently modified their holdings of the company. Northern Trust Corp boosted its position in Urban One by 31.7% in the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company's stock worth $61,000 after purchasing an additional 9,509 shares during the last quarter. Barclays PLC lifted its stake in shares of Urban One by 501,907.1% in the 4th quarter. Barclays PLC now owns 70,281 shares of the company's stock worth $108,000 after purchasing an additional 70,267 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Urban One by 9.4% in the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company's stock worth $142,000 after buying an additional 7,923 shares during the last quarter. Institutional investors own 8.23% of the company's stock.

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.