Urban One, Inc. (NASDAQ:UONE) Short Interest Down 33.7% in December

Urban One, Inc. (NASDAQ:UONE) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 27,100 shares, a decrease of 33.7% from the December 15th total of 40,900 shares. Based on an average daily trading volume, of 58,800 shares, the days-to-cover ratio is presently 0.5 days.

Urban One Stock Up 0.7 %

UONE stock traded up $0.01 during trading on Thursday, reaching $1.51. The stock had a trading volume of 283 shares, compared to its average volume of 20,294. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $72.33 million, a price-to-earnings ratio of -0.89 and a beta of 1.04. Urban One has a one year low of $1.23 and a one year high of $4.10. The company’s 50 day moving average is $1.56 and its two-hundred day moving average is $1.74.

Urban One (NASDAQ:UONE) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share 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 $110.39 million for the quarter.

Insider Buying and Selling

In other news, CEO David M. Kantor sold 350,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total transaction of $343,000.00. Following the transaction, the chief executive officer now owns 8,061 shares of the company’s stock, valued at $7,899.78. This represents a 97.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value of $107,000.00. Following the completion of the sale, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at $236,086.94. This trade represents a 31.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 579,560 shares of company stock valued at $579,298 over the last quarter. Insiders own 32.61% of the company’s stock.

Institutional Investors Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 8.23% of the company’s stock.

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.