Short Interest in Urban One, Inc. (NASDAQ:UONE) Grows By 58.4%

Urban One, Inc. (NASDAQ:UONE) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 45,300 shares, an increase of 58.4% from the January 31st total of 28,600 shares. Based on an average daily volume of 42,000 shares, the days-to-cover ratio is presently 1.1 days.

Insiders Place Their Bets

In related news, CAO Karen Wishart sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.01, for a total transaction of $50,500.00. Following the transaction, the chief accounting officer now directly owns 41,278 shares in the company, valued at $41,690.78. This trade represents a 54.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Kantor sold 70,350 shares of Urban One stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $0.98, for a total value of $68,943.00. Following the sale, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. This represents a 89.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 229,560 shares of company stock worth $236,298 in the last quarter. 32.61% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in Urban One by 31.7% during the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock valued at $61,000 after buying an additional 9,509 shares during the last quarter. Barclays PLC raised its stake in Urban One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company’s stock valued at $108,000 after buying an additional 70,267 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Urban One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after buying an additional 7,923 shares during the last quarter. Hedge funds and other institutional investors own 8.23% of the company’s stock.

Urban One Trading Down 1.5 %

NASDAQ UONE opened at $1.35 on Tuesday. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One has a twelve month low of $1.23 and a twelve month high of $3.42. The firm has a market capitalization of $64.67 million, a PE ratio of -0.79 and a beta of 0.99. The stock’s 50 day moving average is $1.45 and its 200 day moving average is $1.60.

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.