Urban One, Inc. (NASDAQ:UONEK) Short Interest Up 39.0% in February

Urban One, Inc. (NASDAQ:UONEK) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 31,000 shares, an increase of 39.0% from the January 31st total of 22,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 28,400 shares, the days-to-cover ratio is presently 1.1 days.

Urban One Stock Down 4.2 %

UONEK stock opened at $0.73 on Tuesday. The company has a market cap of $34.76 million, a PE ratio of -0.43 and a beta of 0.56. The business has a 50-day simple moving average of $0.87 and a 200 day simple moving average of $1.03. Urban One has a 52 week low of $0.72 and a 52 week high of $3.13. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90.

Insiders Place Their Bets

In other news, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction 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 completion of the sale, the chief accounting officer now owns 41,278 shares of the company’s stock, valued at approximately $41,690.78. This trade represents a 54.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter Thompson sold 100,000 shares of Urban One stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total value of $107,000.00. Following the sale, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at $236,086.94. This represents a 31.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 229,560 shares of company stock valued at $236,298 over the last ninety days. 50.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Urban One stock. Barclays PLC grew its holdings in shares of Urban One, Inc. (NASDAQ:UONEK) by 51.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 757,230 shares of the company’s stock after acquiring an additional 256,205 shares during the quarter. Barclays PLC owned 1.58% of Urban One worth $753,000 at the end of the most recent quarter. Institutional investors own 19.70% of the company’s stock.

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.