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

MediaCo Holding Inc. (NASDAQ:MDIA) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 545,700 shares, an increase of 25,885.7% from the March 31st total of 2,100 shares. Based on an average daily trading volume, of 3,890,000 shares, the short-interest ratio is presently 0.1 days.

MediaCo Price Performance

Shares of MDIA opened at $1.86 on Friday. MediaCo has a one year low of $0.40 and a one year high of $6.86. The company has a market cap of $48.37 million, a PE ratio of -1.03 and a beta of 0.55. The stock has a 50-day moving average of $1.26 and a 200-day moving average of $0.81.

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.