Radio One, Inc. (NASDAQ:UONEK) Sees Significant Growth in Short Interest

Radio One, Inc. (NASDAQ:UONEK) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 49,600 shares, an increase of 61.6% from the September 30th total of 30,700 shares. Based on an average daily trading volume, of 21,900 shares, the short-interest ratio is presently 2.3 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 21,900 shares, the short-interest ratio is presently 2.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Radio One in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Radio One has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Radio One stock. Zazove Associates LLC lifted its holdings in shares of Radio One, Inc. (NASDAQ:UONEK) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,702,775 shares of the company’s stock after purchasing an additional 543,798 shares during the quarter. Zazove Associates LLC owned approximately 9.82% of Radio One worth $3,386,000 as of its most recent SEC filing. 19.70% of the stock is owned by hedge funds and other institutional investors.

Radio One Stock Down 2.2%

NASDAQ UONEK opened at $0.60 on Monday. Radio One has a 12 month low of $0.44 and a 12 month high of $1.40. The company’s 50 day simple moving average is $0.73 and its 200 day simple moving average is $0.66. The company has a debt-to-equity ratio of 5.94, a current ratio of 2.64 and a quick ratio of 2.64. The company has a market capitalization of $27.23 million, a P/E ratio of -0.17 and a beta of 0.74.

Radio One (NASDAQ:UONEK) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.49 earnings per share (EPS) for the quarter. Radio One had a negative net margin of 38.19% and a positive return on equity of 13.04%. The business had revenue of $91.63 million for the quarter.

About Radio 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.