Urban One, Inc. (NASDAQ:UONEK) Short Interest Down 39.7% in February

Urban One, Inc. (NASDAQ:UONEK) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 18,700 shares, a decrease of 39.7% from the February 13th total of 31,000 shares. Based on an average daily volume of 33,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Urban One Price Performance

Shares of UONEK stock traded down $0.01 during trading on Friday, hitting $0.62. The company had a trading volume of 3,296 shares, compared to its average volume of 45,242. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market capitalization of $29.70 million, a P/E ratio of -0.36 and a beta of 0.59. The stock’s 50-day moving average price is $0.81 and its 200 day moving average price is $0.99. Urban One has a one year low of $0.60 and a one year high of $2.17.

Insider Activity

In other news, CEO David M. Kantor sold 70,350 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the transaction, the chief executive officer now owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This represents a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 50.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Barclays PLC boosted its holdings in shares of Urban One, Inc. (NASDAQ:UONEK) by 51.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 757,230 shares of the company’s stock after purchasing an additional 256,205 shares during the period. Barclays PLC owned about 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.

Urban One Company Profile

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.