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

Radio One, Inc. (NASDAQ:UONEK) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,849 shares, a decline of 50.0% from the May 31st total of 11,691 shares. Based on an average daily volume of 9,680 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Radio One Stock Performance

Shares of Radio One stock traded down $0.06 during trading hours on Tuesday, reaching $4.55. The company’s stock had a trading volume of 1,062 shares, compared to its average volume of 7,707. The company’s 50 day simple moving average is $4.96 and its 200 day simple moving average is $6.64. The company has a debt-to-equity ratio of 17.92, a quick ratio of 1.84 and a current ratio of 1.84. Radio One has a one year low of $4.18 and a one year high of $14.00. The stock has a market cap of $20.58 million, a P/E ratio of -0.15 and a beta of 0.36.

Radio One (NASDAQ:UONEK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.69) earnings per share for the quarter. The business had revenue of $77.65 million for the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%.

Institutional Trading of Radio One

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of Radio One by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after purchasing an additional 2,474 shares during the last quarter. Barclays PLC grew its stake in Radio One by 48.9% during the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock worth $1,001,000 after buying an additional 382,559 shares during the last quarter. Finally, Zazove Associates LLC increased its position in Radio One by 1.2% in the fourth quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock worth $4,295,000 after buying an additional 58,732 shares during the period. 19.70% of the stock is currently owned by institutional investors and hedge funds.

Radio One Company Profile

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.