Urban One Inc (NASDAQ:UONEK) was the target of a significant decrease in short interest in the month of November. As of November 29th, there was short interest totalling 479,400 shares, a decrease of 58.3% from the November 14th total of 1,150,000 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is presently 9.8 days.
Separately, ValuEngine raised shares of Urban One from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.
Shares of UONEK opened at $1.90 on Friday. Urban One has a 1 year low of $1.60 and a 1 year high of $2.39. The company has a debt-to-equity ratio of 4.74, a quick ratio of 1.80 and a current ratio of 1.80. The company’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $2.02. The company has a market capitalization of $87.44 million, a price-to-earnings ratio of 0.65 and a beta of 0.87.
Urban One (NASDAQ:UONEK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.12 EPS for the quarter. Urban One had a net margin of 27.49% and a return on equity of 75.27%. The firm had revenue of $111.06 million during the quarter.
Hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its position in Urban One by 8.9% during the second quarter. Morgan Stanley now owns 71,350 shares of the company’s stock worth $140,000 after purchasing an additional 5,842 shares during the last quarter. Renaissance Technologies LLC increased its position in Urban One by 2.3% during the second quarter. Renaissance Technologies LLC now owns 1,455,705 shares of the company’s stock worth $2,853,000 after purchasing an additional 32,297 shares during the last quarter. Finally, Zazove Associates LLC increased its position in Urban One by 12.3% during the second quarter. Zazove Associates LLC now owns 3,206,874 shares of the company’s stock worth $6,285,000 after purchasing an additional 350,228 shares during the last quarter. 27.22% of the stock is owned by hedge funds and other institutional investors.
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, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.
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