MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Down 36.1% in March

MediaCo Holding Inc. (NASDAQ:MDIAGet Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 53,581 shares, a decrease of 36.1% from the March 15th total of 83,895 shares. Based on an average daily volume of 28,089 shares, the short-interest ratio is presently 1.9 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of MediaCo

An institutional investor recently bought a new position in MediaCo stock. Citadel Advisors LLC acquired a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIAFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned approximately 0.06% of MediaCo at the end of the most recent quarter. Institutional investors and hedge funds own 64.01% of the company’s stock.

MediaCo Trading Up 0.1%

NASDAQ:MDIA traded up $0.00 during mid-day trading on Tuesday, hitting $0.82. The company’s stock had a trading volume of 46,952 shares, compared to its average volume of 66,202. MediaCo has a fifty-two week low of $0.54 and a fifty-two week high of $1.60. The company has a market capitalization of $67.12 million, a price-to-earnings ratio of -0.96 and a beta of -0.15. The stock has a fifty day moving average of $0.66 and a 200-day moving average of $0.81.

MediaCo (NASDAQ:MDIAGet Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.40) earnings per share (EPS) for the quarter. The company had revenue of $38.66 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MediaCo in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on MediaCo

MediaCo Company Profile

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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. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.

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