Urban One, Inc. (NASDAQ:UONEK) Short Interest Update

Urban One, Inc. (NASDAQ:UONEK) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 162,000 shares, a drop of 63.8% from the June 30th total of 447,100 shares. Based on an average daily volume of 70,700 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Trading of Urban One

An institutional investor recently raised its position in Urban One stock. Zazove Associates LLC boosted its stake in Urban One, Inc. (NASDAQ:UONEK) by 36.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,357,350 shares of the company’s stock after purchasing an additional 893,185 shares during the quarter. Zazove Associates LLC owned about 6.86% of Urban One worth $6,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 19.70% of the company’s stock.

Urban One Price Performance

NASDAQ:UONEK traded up $0.03 during mid-day trading on Thursday, hitting $1.53. 13,412 shares of the stock traded hands, compared to its average volume of 61,875. Urban One has a 12-month low of $1.25 and a 12-month high of $5.92. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 2.25. The company has a market cap of $76.00 million, a PE ratio of 9.12 and a beta of 0.61. The business’s 50-day moving average price is $1.54 and its 200 day moving average price is $2.20.

Urban One (NASDAQ:UONEK) last issued its quarterly earnings data on Friday, June 7th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $104.41 million for the quarter. Urban One had a return on equity of 34.66% and a net margin of 2.64%.

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.