Urban One, Inc. (NASDAQ:UONEK) Short Interest Up 39.0% in February

Urban One, Inc. (NASDAQ:UONEK) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 31,000 shares, a growth of 39.0% from the January 31st total of 22,300 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 28,400 shares, the days-to-cover ratio is presently 1.1 days.

Urban One Trading Up 0.9 %

Shares of NASDAQ:UONEK traded up $0.01 on Monday, hitting $0.76. 4,849 shares of the company’s stock were exchanged, compared to its average volume of 44,708. The stock has a market capitalization of $36.60 million, a price-to-earnings ratio of -0.45 and a beta of 0.56. Urban One has a 12 month low of $0.72 and a 12 month high of $3.13. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The business’s 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $1.04.

Insiders Place Their Bets

In related news, CAO Karen Wishart sold 50,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $1.01, for a total value of $50,500.00. Following the completion of the sale, the chief accounting officer now directly owns 41,278 shares in the company, valued at $41,690.78. This trade represents a 54.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now owns 8,061 shares of the company’s stock, valued at $7,899.78. This trade represents a 89.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 229,560 shares of company stock worth $236,298 in the last three months. 50.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Barclays PLC boosted its stake in shares of Urban One, Inc. (NASDAQ:UONEK) by 51.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 757,230 shares of the company’s stock after buying an additional 256,205 shares during the period. Barclays PLC owned 1.58% of Urban One worth $753,000 as of its most recent filing with the Securities & Exchange Commission. 19.70% of the stock is owned by institutional investors.

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.