Short Interest in Urban One, Inc. (NASDAQ:UONE) Declines By 17.3%

Urban One, Inc. (NASDAQ:UONE) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 23,500 shares, a drop of 17.3% from the October 15th total of 28,400 shares. Based on an average trading volume of 46,500 shares, the days-to-cover ratio is currently 0.5 days.

Insider Buying and Selling at Urban One

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the 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 transaction, the chief financial officer now directly owns 320,642 shares in the company, valued at $394,389.66. This represents a 38.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 32.61% of the stock is owned by corporate insiders.

Institutional Trading of Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC increased its holdings in shares of Urban One, Inc. (NASDAQ:UONE) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after buying an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 as of its most recent filing with the Securities and Exchange Commission. 8.23% of the stock is owned by institutional investors and hedge funds.

Urban One Trading Up 6.4 %

Shares of NASDAQ UONE opened at $1.50 on Friday. Urban One has a 12-month low of $1.23 and a 12-month high of $4.53. The company has a market cap of $72.64 million, a price-to-earnings ratio of -0.88 and a beta of 0.92. The company has a current ratio of 2.91, a quick ratio of 2.76 and a debt-to-equity ratio of 2.90. The stock’s 50 day simple moving average is $1.61 and its 200 day simple moving average is $1.91.

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

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.