MediaCo Holding Inc. (NASDAQ:MDIA) Sees Large Drop in Short Interest

MediaCo Holding Inc. (NASDAQ:MDIAGet Free Report) saw 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. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 118,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MediaCo stock. Jane Street Group LLC purchased a new stake in shares of MediaCo Holding Inc. (NASDAQ:MDIAFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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 SEC. 64.01% of the stock is currently owned by institutional investors and hedge funds.

MediaCo Trading Up 1.7 %

MediaCo stock traded up $0.02 during mid-day trading on Friday, hitting $1.17. The stock had a trading volume of 11,101 shares, compared to its average volume of 140,953. The firm has a market capitalization of $54.60 million, a P/E ratio of -0.65 and a beta of -0.07. The firm’s 50 day moving average is $1.13 and its 200 day moving average is $1.39. MediaCo has a one year low of $0.40 and a one year high of $6.86.

MediaCo Company Profile

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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.

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