MediaCo Holding Inc. (NASDAQ:MDIA) Stock Short Interest Rises 88.2%

MediaCo Holding Inc. (NASDAQ:MDIA – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 12,718 shares, an increase of 88.2% from the August 31st total of 6,757 shares. Based on an average trading volume of 15,692 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised MediaCo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, MediaCo currently has a consensus rating of “Sell”.

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MediaCo Stock Down 1.4%

MediaCo stock opened at $1.07 on Tuesday. The company has a market capitalization of $90.32 million, a PE ratio of -1.30 and a beta of -0.05. MediaCo has a 12-month low of $0.54 and a 12-month high of $1.64. The firm’s fifty day moving average is $1.05 and its 200 day moving average is $0.91.

MediaCo (NASDAQ:MDIA – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $33.97 million during the quarter.

Institutional Investors Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. Citadel Advisors LLC bought a new position in MediaCo Holding Inc. (NASDAQ:MDIA – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 28,302 shares of the company’s stock, valued at approximately $28,000. Institutional investors and hedge funds own 64.01% of the company’s stock.

MediaCo Company Profile

(Get Free Report)

MediaCo Holding, Inc (NASDAQ: MDIA) is a media and entertainment company focused on audio broadcasting and digital media. The company develops, distributes and monetizes music, news, talk and cultural programming through its radio and digital platforms, while also providing advertising and promotional opportunities for businesses and organizations.

MediaCo’s principal broadcast properties include WQHT-FM, known as Hot 97, and WBLS-FM, two longstanding urban-format radio stations serving the New York metropolitan area.

Further Reading

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