Urban One, Inc. (NASDAQ:UONEK) Sees Significant Decrease in Short Interest

Urban One, Inc. (NASDAQ:UONEK - Get Free Report) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 30,300 shares, a drop of 32.8% from the October 31st total of 45,100 shares. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the shares of the stock are sold short.

Insider Buying and Selling at Urban One

In other news, CFO Peter Thompson sold 200,000 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the transaction, the chief financial officer now owns 320,642 shares of the company's stock, valued at approximately $394,389.66. The trade was a 38.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 50.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Urban One, Inc. (NASDAQ:UONEK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 17,938 shares of the company's stock, valued at approximately $27,000. 19.70% of the stock is owned by hedge funds and other institutional investors.

Urban One Trading Up 4.1 %

UONEK stock traded up $0.04 during midday trading on Friday, reaching $1.02. The company's stock had a trading volume of 24,749 shares, compared to its average volume of 47,736. Urban One has a 1 year low of $0.92 and a 1 year high of $4.36. The firm has a market capitalization of $48.86 million, a price-to-earnings ratio of -0.60 and a beta of 0.56. The stock has a fifty day simple moving average of $1.06 and a two-hundred day simple moving average of $1.31. 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 (NASDAQ:UONEK - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The business had revenue of $110.39 million for the quarter.

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.