MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Down 16.0% in February

MediaCo Holding Inc. (NASDAQ:MDIAGet Free Report) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 79,882 shares, a decline of 16.0% from the February 12th total of 95,064 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 17,712 shares, the days-to-cover ratio is currently 4.5 days. Based on an average daily volume of 17,712 shares, the days-to-cover ratio is currently 4.5 days. Approximately 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaCo in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MediaCo presently has an average rating of “Sell”.

Get Our Latest Analysis on MediaCo

Hedge Funds Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. JPMorgan Chase & Co. purchased a new stake in MediaCo Holding Inc. (NASDAQ:MDIAFree Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned about 2.37% of MediaCo at the end of the most recent reporting period. 64.01% of the stock is owned by institutional investors and hedge funds.

MediaCo Stock Performance

NASDAQ MDIA traded up $0.01 during trading hours on Monday, hitting $0.66. 2,850 shares of the company traded hands, compared to its average volume of 75,459. The business’s 50-day moving average is $0.63 and its 200-day moving average is $0.91. The stock has a market capitalization of $54.10 million, a price-to-earnings ratio of -1.22 and a beta of -0.16. MediaCo has a twelve month low of $0.54 and a twelve month high of $1.60.

MediaCo Company Profile

(Get Free Report)

MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.

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