MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Update

MediaCo Holding Inc. (NASDAQ:MDIA) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 126,400 shares, a drop of 45.9% from the January 15th total of 233,800 shares. Based on an average daily volume of 146,900 shares, the short-interest ratio is presently 0.9 days.

MediaCo Stock Up 1.8 %

Shares of MDIA traded up $0.02 on Thursday, hitting $1.15. 3,569 shares of the stock traded hands, compared to its average volume of 226,878. The firm has a market capitalization of $53.67 million, a P/E ratio of -0.64 and a beta of 0.01. MediaCo has a 1 year low of $0.40 and a 1 year high of $6.86. The stock’s 50 day moving average is $1.16 and its two-hundred day moving average is $1.86.

Hedge Funds Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. Jane Street Group LLC acquired a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 52,279 shares of the company’s stock, valued at approximately $67,000. Jane Street Group LLC owned 0.11% of MediaCo at the end of the most recent reporting period. Institutional investors own 64.01% of the company’s stock.

About MediaCo

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.