Urban One, Inc. (NASDAQ:UONE) Short Interest Down 33.7% in January

Urban One, Inc. (NASDAQ:UONE) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 27,100 shares, a decrease of 33.7% from the December 31st total of 40,900 shares. Based on an average daily trading volume, of 58,800 shares, the short-interest ratio is presently 0.5 days.

Urban One Trading Up 2.6 %

NASDAQ UONE opened at $1.40 on Wednesday. The firm has a 50 day simple moving average of $1.54 and a 200-day simple moving average of $1.71. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. Urban One has a one year low of $1.23 and a one year high of $4.09. The firm has a market cap of $66.83 million, a price-to-earnings ratio of -0.82 and a beta of 1.04.

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

Insider Activity

In related news, CAO Karen Wishart sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.01, for a total transaction of $50,500.00. Following the completion of the sale, the chief accounting officer now directly owns 41,278 shares in the company, valued at approximately $41,690.78. This trade represents a 54.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Kantor sold 350,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total transaction of $343,000.00. Following the transaction, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This trade represents a 97.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 579,560 shares of company stock worth $579,298 over the last three months. Insiders own 32.61% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Urban One, Inc. (NASDAQ:UONE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is owned by institutional investors.

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.