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

Urban One, Inc. (NASDAQ:UONEK) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 24,600 shares, a drop of 39.0% from the March 15th total of 40,300 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 0.8 days.

Urban One Stock Performance

Shares of UONEK traded up $0.04 during midday trading on Friday, reaching $0.54. 24,868 shares of the stock were exchanged, compared to its average volume of 39,412. Urban One has a twelve month low of $0.49 and a twelve month high of $2.07. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The company has a market capitalization of $25.68 million, a price-to-earnings ratio of -0.32 and a beta of 0.19. The business’s 50-day moving average price is $0.68 and its 200 day moving average price is $0.89.

Urban One (NASDAQ:UONEK) last released its quarterly earnings results on Thursday, March 27th. The company reported ($0.25) EPS for the quarter. The firm had revenue of $117.13 million for the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%.

Institutional Trading of Urban One

A hedge fund recently raised its stake in Urban One stock. Barclays PLC boosted its position in Urban One, Inc. (NASDAQ:UONEK) by 51.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 757,230 shares of the company’s stock after purchasing an additional 256,205 shares during the period. Barclays PLC owned about 1.58% of Urban One worth $753,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 19.70% 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.