Radio One, Inc. (NASDAQ:UONEK) Short Interest Update

Radio One, Inc. (NASDAQ:UONEK) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 18,785 shares, a drop of 33.8% from the August 15th total of 28,361 shares. Based on an average daily volume of 23,570 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.8% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Radio One Stock Up 2.7%

Shares of Radio One stock traded up $0.11 during trading on Thursday, hitting $4.17. 2,283 shares of the stock traded hands, compared to its average volume of 23,561. Radio One has a 52-week low of $3.58 and a 52-week high of $10.90. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 20.77. The firm has a market cap of $19.22 million, a P/E ratio of -0.28 and a beta of 0.26. The stock’s fifty day simple moving average is $4.61 and its 200 day simple moving average is $5.10.

Radio One (NASDAQ:UONEK) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share for the quarter. The firm had revenue of $85.76 million during the quarter. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.