MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Update

MediaCo Holding Inc. (NASDAQ:MDIA) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 126,400 shares, a decline of 45.9% from the January 15th total of 233,800 shares. Based on an average daily volume of 146,900 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of MediaCo

A hedge fund recently bought a new position in MediaCo stock. Jane Street Group LLC acquired a new position in MediaCo Holding Inc. (NASDAQ:MDIA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,279 shares of the company’s stock, valued at approximately $67,000. Jane Street Group LLC owned 0.11% of MediaCo as of its most recent SEC filing. Institutional investors and hedge funds own 64.01% of the company’s stock.

MediaCo Stock Performance

Shares of NASDAQ MDIA traded up $0.02 during trading on Thursday, reaching $1.15. The stock had a trading volume of 3,569 shares, compared to its average volume of 226,878. The firm’s 50 day moving average price is $1.16 and its two-hundred day moving average price is $1.86. MediaCo has a one year low of $0.40 and a one year high of $6.86. The stock has a market cap of $53.67 million, a PE ratio of -0.64 and a beta of 0.01.

About MediaCo

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.