Urban One, Inc. (NASDAQ:UONEK) Short Interest Down 32.8% in November

Urban One, Inc. (NASDAQ:UONEK) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 30,300 shares, a decline of 32.8% from the October 31st total of 45,100 shares. Based on an average trading volume of 26,200 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are short sold.

Urban One Stock Up 7.1 %

NASDAQ UONEK traded up $0.07 during trading on Friday, hitting $1.05. 22,642 shares of the company traded hands, compared to its average volume of 47,710. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $50.30 million, a P/E ratio of -0.58 and a beta of 0.56. The business has a fifty day simple moving average of $1.06 and a 200 day simple moving average of $1.32. Urban One has a 12 month low of $0.92 and a 12 month high of $4.36.

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

Insider Buying and Selling

In other Urban One news, CFO Peter Thompson sold 200,000 shares of Urban One stock in a transaction 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 completion of the sale, the chief financial officer now owns 320,642 shares of the company’s stock, valued at $394,389.66. This trade represents a 38.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 50.45% of the company’s stock.

Institutional Trading of Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Urban One, Inc. (NASDAQ:UONEK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,938 shares of the company’s stock, valued at approximately $27,000. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

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.