Urban One, Inc. (NASDAQ:UONEK – Get Free Report) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 18,700 shares, a drop of 39.7% from the February 13th total of 31,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 33,000 shares, the short-interest ratio is currently 0.6 days.
Insider Activity at Urban One
In related news, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at $7,899.78. The trade was a 89.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 50.45% of the company’s stock.
Hedge Funds Weigh In On Urban One
A hedge fund recently raised its stake in Urban One stock. Barclays PLC boosted its holdings in shares of Urban One, Inc. (NASDAQ:UONEK – Free Report) by 51.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 757,230 shares of the company’s stock after buying an additional 256,205 shares during the quarter. Barclays PLC owned approximately 1.58% of Urban One worth $753,000 at the end of the most recent reporting period. 19.70% of the stock is owned by hedge funds and other institutional investors.
Urban One Stock Down 1.0 %
About Urban One
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.
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