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

MediaCo Holding Inc. (NASDAQ:MDIA) 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:MDIA) 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

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.