Short Interest in MediaCo Holding Inc. (NASDAQ:MDIA) Drops By 16.4%

MediaCo Holding Inc. (NASDAQ:MDIA) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totalling 260,700 shares, a decrease of 16.4% from the June 30th total of 311,900 shares. Based on an average trading volume of 312,200 shares, the short-interest ratio is currently 0.8 days.

MediaCo Stock Performance

Shares of NASDAQ:MDIA traded up $0.69 during trading on Friday, hitting $4.19. The company’s stock had a trading volume of 64,826 shares, compared to its average volume of 1,943,641. MediaCo has a fifty-two week low of $0.40 and a fifty-two week high of $6.86. The business has a 50 day moving average price of $2.50 and a two-hundred day moving average price of $1.62. The company has a market capitalization of $195.69 million, a PE ratio of -2.31 and a beta of -0.02.

MediaCo (NASDAQ:MDIA) last released its earnings results on Wednesday, May 15th. The company reported ($0.18) EPS for the quarter. The company had revenue of $6.71 million during the quarter.

Insider Buying and Selling

In other MediaCo news, Director Corp Emmis sold 40,298 shares of MediaCo stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1.25, for a total value of $50,372.50. Following the completion of the transaction, the director now directly owns 317,254 shares of the company’s stock, valued at approximately $396,567.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.67% of the stock is owned by corporate insiders.

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.