MediaCo Holding Inc. (NASDAQ:MDIA) Sees Significant Decrease in Short Interest

MediaCo Holding Inc. (NASDAQ:MDIA) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 20,800 shares, a decrease of 37.5% from the December 31st total of 33,300 shares. Based on an average daily volume of 161,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On MediaCo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new stake in MediaCo in the 3rd quarter valued at about $228,000. Jane Street Group LLC acquired a new position in MediaCo during the 3rd quarter worth approximately $67,000. Finally, XTX Topco Ltd acquired a new stake in shares of MediaCo in the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 64.01% of the company’s stock.

MediaCo Trading Up 0.9 %

MDIA stock traded up $0.01 during trading on Wednesday, reaching $1.11. 6,000 shares of the stock were exchanged, compared to its average volume of 343,667. The business has a 50 day moving average price of $1.20 and a 200-day moving average price of $2.01. MediaCo has a 1 year low of $0.40 and a 1 year high of $6.86. The firm has a market capitalization of $51.80 million, a price-to-earnings ratio of -0.61 and a beta of 0.01.

About MediaCo

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services.