Urban One, Inc. (NASDAQ:UONE) Short Interest Up 58.4% in February

Urban One, Inc. (NASDAQ:UONE) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 45,300 shares, a growth of 58.4% from the January 31st total of 28,600 shares. Based on an average daily volume of 42,000 shares, the days-to-cover ratio is presently 1.1 days.

Urban One Price Performance

NASDAQ:UONE traded down $0.03 during mid-day trading on Friday, hitting $1.37. 11,820 shares of the company’s stock traded hands, compared to its average volume of 24,462. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The firm’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $1.61. Urban One has a 1 year low of $1.23 and a 1 year high of $3.48. The company has a market cap of $65.63 million, a PE ratio of -0.81 and a beta of 0.99.

Insider Activity

In other Urban One news, CAO Karen Wishart sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.01, for a total transaction of $50,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 41,278 shares in the company, valued at approximately $41,690.78. This trade represents a 54.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Peter Thompson sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total transaction of $107,000.00. Following the transaction, the chief financial officer now owns 220,642 shares of the company’s stock, valued at $236,086.94. This trade represents a 31.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 229,560 shares of company stock worth $236,298 in the last 90 days. 32.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Urban One

Several hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in Urban One by 9.4% during the 4th quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after acquiring an additional 7,923 shares in the last quarter. Northern Trust Corp increased its holdings in Urban One by 31.7% during the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock valued at $61,000 after acquiring an additional 9,509 shares in the last quarter. Finally, Barclays PLC increased its holdings in Urban One by 501,907.1% during the 4th quarter. Barclays PLC now owns 70,281 shares of the company’s stock valued at $108,000 after acquiring an additional 70,267 shares in the last quarter. 8.23% of the stock is currently owned by hedge funds and other institutional investors.

Urban One Company Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.