Urban One, Inc. (NASDAQ:UONE) Short Interest Up 41.1% in March

Urban One, Inc. (NASDAQ:UONE) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 62,100 shares, an increase of 41.1% from the February 28th total of 44,000 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 23,500 shares, the short-interest ratio is presently 2.6 days.

Urban One Price Performance

Shares of NASDAQ UONE opened at $1.44 on Friday. The stock’s 50-day simple moving average is $1.40 and its 200-day simple moving average is $1.51. The firm has a market capitalization of $68.98 million, a PE ratio of -0.85 and a beta of 0.95. Urban One has a fifty-two week low of $1.23 and a fifty-two week high of $3.33. 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 (NASDAQ:UONE) last announced its quarterly earnings results on Thursday, March 27th. The company reported ($0.78) EPS for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The company had revenue of $117.13 million during the quarter.

Insider Buying and Selling

In other Urban One news, CEO David M. Kantor sold 70,350 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at $7,899.78. This trade represents a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 32.61% of the company’s stock.

Institutional Investors Weigh In On Urban One

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC increased its position in shares of Urban One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock worth $142,000 after purchasing an additional 7,923 shares in the last quarter. Northern Trust Corp grew its stake in Urban One by 31.7% during the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after buying an additional 9,509 shares during the last quarter. Finally, Barclays PLC increased its position in Urban One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after buying an additional 70,267 shares during the period. 8.23% of the stock is owned by hedge funds and other 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.