Urban One, Inc. (NASDAQ:UONE) Short Interest Up 41.1% in March

Urban One, Inc. (NASDAQ:UONE) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 62,100 shares, a growth of 41.1% from the February 28th total of 44,000 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 2.6 days. Approximately 0.2% of the shares of the company are sold short.

Urban One Price Performance

Shares of NASDAQ UONE opened at $1.44 on Friday. The stock has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.51. Urban One has a 1-year low of $1.23 and a 1-year high of $3.33. 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 company has a market cap of $68.98 million, a PE ratio of -0.85 and a beta of 0.95.

Urban One (NASDAQ:UONE) last released its earnings results on Thursday, March 27th. The company reported ($0.78) 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 $117.13 million during the quarter.

Insider Activity at Urban One

In other Urban One news, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban One

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Urban One by 501,907.1% during the 4th quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after buying an additional 70,267 shares in the last quarter. Northern Trust Corp grew its holdings in Urban One by 31.7% during the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after acquiring an additional 9,509 shares during the period. Finally, Millennium Management LLC raised its position in Urban One by 9.4% in the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock worth $142,000 after acquiring an additional 7,923 shares in the last quarter. Hedge funds and other institutional investors own 8.23% of the company’s stock.

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.