MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Update

MediaCo Holding Inc. (NASDAQ:MDIA) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 36,000 shares, a drop of 31.9% from the March 15th total of 52,900 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 111,200 shares, the short-interest ratio is currently 0.3 days.

MediaCo Stock Up 5.9 %

MDIA traded up $0.07 on Friday, reaching $1.18. The company had a trading volume of 58,630 shares, compared to its average volume of 144,032. MediaCo has a 1 year low of $0.92 and a 1 year high of $5.73. The stock has a market capitalization of $54.84 million, a PE ratio of -0.65 and a beta of -0.46. The stock has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.20.

MediaCo (NASDAQ:MDIA) last announced its earnings results on Tuesday, April 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $32.80 million during the quarter.

Hedge Funds Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. Jane Street Group LLC bought a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,279 shares of the company’s stock, valued at approximately $67,000. Jane Street Group LLC owned 0.11% of MediaCo as of its most recent filing with the Securities and Exchange Commission (SEC). 64.01% of the stock is currently owned by institutional investors and hedge funds.

MediaCo Company Profile

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.