Short Interest in Urban One, Inc. (NASDAQ:UONE) Drops By 17.3%

Urban One, Inc. (NASDAQ:UONE) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 23,500 shares, a decline of 17.3% from the October 15th total of 28,400 shares. Based on an average trading volume of 46,500 shares, the days-to-cover ratio is presently 0.5 days.

Urban One Stock Up 6.4 %

Urban One stock opened at $1.50 on Friday. The firm has a market capitalization of $72.65 million, a price-to-earnings ratio of -0.88 and a beta of 0.92. The firm’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $1.91. Urban One has a 1-year low of $1.23 and a 1-year high of $4.53. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 2.90.

Urban One (NASDAQ:UONE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share for the quarter. The business had revenue of $110.39 million for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Insider Activity

In other news, CFO Peter Thompson sold 200,000 shares of Urban One stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the sale, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. The trade was a 38.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 32.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Urban One, Inc. (NASDAQ:UONE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is currently owned by institutional investors and hedge funds.

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.