Short Interest in Urban One, Inc. (NASDAQ:UONE) Grows By 63.8%

Urban One, Inc. (NASDAQ:UONE) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 38,500 shares, an increase of 63.8% from the October 31st total of 23,500 shares. Based on an average trading volume of 61,000 shares, the short-interest ratio is currently 0.6 days.

Urban One Trading Up 9.3 %

NASDAQ:UONE traded up $0.14 during mid-day trading on Friday, reaching $1.65. 38,848 shares of the company’s stock traded hands, compared to its average volume of 86,118. Urban One has a 12-month low of $1.23 and a 12-month high of $4.46. The firm has a market capitalization of $79.04 million, a price-to-earnings ratio of -0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The company has a 50 day moving average price of $1.52 and a 200-day moving average price of $1.87.

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

Insider Activity

In related news, CFO Peter Thompson sold 200,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Urban One, Inc. (NASDAQ:UONE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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.