Short Interest in MediaCo Holding Inc. (NASDAQ:MDIA) Drops By 26.0%

MediaCo Holding Inc. (NASDAQ:MDIA) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 33,300 shares, a decrease of 26.0% from the November 30th total of 45,000 shares. Based on an average trading volume of 78,300 shares, the days-to-cover ratio is presently 0.4 days.

MediaCo Stock Up 1.3 %

Shares of MDIA stock traded up $0.02 on Friday, hitting $1.22. The company had a trading volume of 15,290 shares, compared to its average volume of 1,138,679. The firm has a market cap of $56.70 million, a P/E ratio of -0.67 and a beta of -0.03. The company has a 50-day moving average price of $1.28 and a 200-day moving average price of $2.33. MediaCo has a twelve month low of $0.40 and a twelve month high of $6.86.

Hedge Funds Weigh In On MediaCo

A number of institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in shares of MediaCo during the third quarter worth $228,000. XTX Topco Ltd purchased a new position in MediaCo during the 2nd quarter valued at about $53,000. Finally, Jane Street Group LLC acquired a new position in MediaCo in the 3rd quarter valued at about $67,000. 64.01% of the stock is owned by hedge funds and other institutional investors.

MediaCo Company Profile

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services.