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

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

Urban One Price Performance

NASDAQ:UONE traded down $0.03 on Tuesday, reaching $1.55. The stock had a trading volume of 8,953 shares, compared to its average volume of 21,144. The company has a market capitalization of $74.25 million, a P/E ratio of -0.91 and a beta of 1.04. The stock has a fifty day moving average price of $1.56 and a 200-day moving average price of $1.74. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One has a 1-year low of $1.23 and a 1-year high of $4.10.

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

Insider Buying and Selling at Urban One

In other Urban One news, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.01, for a total value of $50,500.00. Following the transaction, the chief accounting officer now directly owns 41,278 shares of the company's stock, valued at $41,690.78. The trade was a 54.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David M. Kantor sold 350,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total transaction of $343,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares of the company's stock, valued at approximately $7,899.78. This trade represents a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 509,210 shares of company stock valued at $510,355. Corporate 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. bought a new stake in Urban One, Inc. (NASDAQ:UONE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,801 shares of the company's stock, valued at approximately $27,000. 8.23% of the stock is owned by institutional investors.

About Urban One

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.