Urban One, Inc. (NASDAQ:UONE) Short Interest Update

Urban One, Inc. (NASDAQ:UONE) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 36,400 shares, a drop of 34.4% from the August 15th total of 55,500 shares. Based on an average trading volume of 144,100 shares, the short-interest ratio is presently 0.3 days.

Urban One Stock Performance

NASDAQ:UONE opened at $1.91 on Monday. The company has a current ratio of 2.77, a quick ratio of 2.76 and a debt-to-equity ratio of 2.54. Urban One has a 12-month low of $1.67 and a 12-month high of $6.05. The stock has a 50-day moving average price of $2.03 and a 200 day moving average price of $2.16. The stock has a market capitalization of $92.50 million, a P/E ratio of 11.24 and a beta of 0.87.

Urban One (NASDAQ:UONE) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter. Urban One had a positive return on equity of 15.38% and a negative net margin of 22.45%. The business had revenue of $117.74 million for the quarter.

Institutional Trading of Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Urban One, Inc. (NASDAQ:UONE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% 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, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.