Short Interest in Radio One, Inc. (NASDAQ:UONEK) Drops By 65.6%

Radio One, Inc. (NASDAQ:UONEK) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 35,127 shares, a decline of 65.6% from the July 15th total of 101,975 shares. Based on an average daily trading volume, of 17,720 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.6% of the company’s shares are short sold.

Radio One Price Performance

UONEK opened at $5.08 on Friday. The company has a debt-to-equity ratio of 20.77, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $22.96 million, a PE ratio of -0.34 and a beta of 0.37. The stock’s 50 day moving average price is $4.72 and its 200-day moving average price is $5.71. Radio One has a 52-week low of $3.58 and a 52-week high of $10.90.

Radio One (NASDAQ:UONEK) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.54 EPS for the quarter. The company had revenue of $85.76 million during the quarter. Radio One had a negative return on equity of 7.13% and a negative net margin of 19.04%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Radio One

Several institutional investors and hedge funds have recently modified their holdings of UONEK. Geode Capital Management LLC increased its position in shares of Radio One by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after buying an additional 2,474 shares during the period. Barclays PLC raised its stake in Radio One by 48.9% in the fourth 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 in the last quarter. Finally, Zazove Associates LLC lifted its holdings 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 owned by hedge funds and other institutional investors.

About Radio One

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.