Urban One, Inc. (NASDAQ:UONE) Short Interest Down 30.5% in September

Urban One, Inc. (NASDAQ:UONEGet Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 27,800 shares, a decrease of 30.5% from the September 15th total of 40,000 shares. Based on an average daily volume of 53,300 shares, the days-to-cover ratio is presently 0.5 days.

Urban One Stock Up 1.9 %

Shares of NASDAQ:UONE traded up $0.03 during trading on Friday, reaching $1.36. 146,943 shares of the stock traded hands, compared to its average volume of 88,190. The stock has a 50-day moving average of $1.92 and a two-hundred day moving average of $2.05. Urban One has a 52-week low of $1.23 and a 52-week high of $6.05. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.76 and a current ratio of 2.77. The stock has a market cap of $67.55 million, a P/E ratio of 8.00 and a beta of 0.86.

Urban One (NASDAQ:UONEGet Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.57 EPS for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%. The firm had revenue of $117.74 million for the quarter.

Insiders Place Their Bets

In other news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total transaction of $246,000.00. Following the sale, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 29.54% of the company’s stock.

Institutional Investors Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC increased its stake in Urban One, Inc. (NASDAQ:UONEFree Report) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,000 shares of the company’s stock after purchasing an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.23% of the company’s stock.

Urban One Company Profile

(Get Free Report)

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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