Radio One, Inc. (NASDAQ:UONEK) Short Interest Down 65.6% in July

Radio One, Inc. (NASDAQ:UONEK) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 35,127 shares, a decrease of 65.6% from the July 15th total of 101,975 shares. Based on an average daily trading volume, of 17,720 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Zazove Associates LLC boosted its stake in Radio One by 1.2% during the fourth quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock worth $4,295,000 after acquiring an additional 58,732 shares in the last quarter. Barclays PLC increased its stake in Radio One by 48.9% in the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after purchasing an additional 382,559 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Radio One by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after purchasing an additional 2,474 shares during the period. Institutional investors and hedge funds own 19.70% of the company’s stock.

Radio One Trading Down 2.9%

NASDAQ UONEK traded down $0.15 during trading hours on Friday, hitting $5.08. 39,120 shares of the company’s stock were exchanged, compared to its average volume of 14,006. The stock has a 50-day simple moving average of $4.72 and a 200 day simple moving average of $5.71. Radio One has a 1-year low of $3.58 and a 1-year high of $10.90. The firm has a market cap of $22.96 million, a price-to-earnings ratio of -0.34 and a beta of 0.37. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 20.77.

Radio One (NASDAQ:UONEK) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $85.76 million for the quarter. Radio One had a negative return on equity of 7.13% and a negative net margin of 19.04%.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.