Urban One, Inc. (NASDAQ:UONE) Sees Large Increase in Short Interest

Urban One, Inc. (NASDAQ:UONE) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 38,500 shares, a growth of 63.8% from the October 31st total of 23,500 shares. Based on an average trading volume of 61,000 shares, the short-interest ratio is presently 0.6 days.

Urban One Price Performance

NASDAQ:UONE opened at $1.51 on Friday. The company has a market capitalization of $72.33 million, a price-to-earnings ratio of -0.89 and a beta of 0.92. The company has a 50-day moving average of $1.54 and a 200-day moving average of $1.88. Urban One has a 52 week low of $1.23 and a 52 week high of $4.46. 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:UONE) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 earnings per share 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 for the quarter.

Insider Activity at Urban One

In other Urban One news, CFO Peter Thompson sold 200,000 shares of Urban One stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total transaction of $246,000.00. Following the sale, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. The trade was a 38.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 32.61% of the company’s stock.

Institutional Trading of Urban One

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:UONE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is owned by hedge funds and other 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.