MediaCo Holding Inc. (NASDAQ:MDIA – Get Free Report) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 79,882 shares, a decline of 16.0% from the February 12th total of 95,064 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 17,712 shares, the short-interest ratio is currently 4.5 days. Based on an average trading volume of 17,712 shares, the short-interest ratio is currently 4.5 days. Currently, 0.1% of the company’s shares are short sold.
Hedge Funds Weigh In On MediaCo
An institutional investor recently bought a new position in MediaCo stock. JPMorgan Chase & Co. bought a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned approximately 3.61% of MediaCo as of its most recent filing with the SEC. Institutional investors and hedge funds own 64.01% of the company’s stock.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of MediaCo in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, MediaCo presently has an average rating of “Sell”.
MediaCo Price Performance
MediaCo stock traded down $0.00 during midday trading on Tuesday, hitting $0.64. The company’s stock had a trading volume of 32,658 shares, compared to its average volume of 75,068. The company has a market cap of $52.55 million, a price-to-earnings ratio of -1.19 and a beta of -0.16. MediaCo has a 1-year low of $0.54 and a 1-year high of $1.60. The company has a 50-day moving average price of $0.63 and a two-hundred day moving average price of $0.90.
MediaCo Company Profile
MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.
Further Reading
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