Urban One, Inc. (NASDAQ:UONE – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 228,100 shares, a growth of 32.2% from the March 31st total of 172,600 shares. Based on an average daily trading volume, of 60,100 shares, the days-to-cover ratio is presently 3.8 days.
Urban One Price Performance
Shares of NASDAQ:UONE opened at $2.06 on Friday. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 2.57. The stock has a market cap of $100.78 million, a PE ratio of 9.81 and a beta of 0.91. The stock’s fifty day simple moving average is $2.55 and its two-hundred day simple moving average is $3.70. Urban One has a 1-year low of $1.91 and a 1-year high of $7.83.
Institutional Trading of Urban One
A hedge fund recently raised its stake in Urban One stock. Allspring Global Investments Holdings LLC raised its position in Urban One, Inc. (NASDAQ:UONE – Free Report) by 3,371.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,886 shares of the company’s stock after buying an additional 13,486 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Urban One were worth $70,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.
Read More
- Five stocks we like better than Urban One
- How to Calculate Stock Profit
- MarketBeat Week in Review – 4/22 – 4/26
- Energy and Oil Stocks Explained
- 3 Stocks Leading the U.S. Agriculture Comeback
- What Are the U.K. Market Holidays? How to Invest and Trade
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Urban One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban One and related companies with MarketBeat.com's FREE daily email newsletter.