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

MediaCo Holding Inc. (NASDAQ:MDIA) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 74,400 shares, a decrease of 36.7% from the February 13th total of 117,600 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 118,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. Jane Street Group LLC purchased a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 52,279 shares of the company’s stock, valued at approximately $67,000. Jane Street Group LLC owned about 0.11% 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 1.7 %

MediaCo stock traded up $0.02 during mid-day trading on Friday, reaching $1.17. The company had a trading volume of 11,101 shares, compared to its average volume of 140,953. The business has a fifty day simple moving average of $1.13 and a 200 day simple moving average of $1.42. The company has a market cap of $54.60 million, a P/E ratio of -0.65 and a beta of -0.07. MediaCo has a fifty-two week low of $0.40 and a fifty-two week high of $6.86.

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.