Urban One, Inc. (NASDAQ:UONE) Short Interest Down 27.0% in November

Urban One, Inc. (NASDAQ:UONE) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 28,100 shares, a decrease of 27.0% from the November 15th total of 38,500 shares. Based on an average daily volume of 63,500 shares, the short-interest ratio is presently 0.4 days.

Urban One Trading Down 1.2 %

Shares of UONE traded down $0.02 during mid-day trading on Friday, reaching $1.66. The company’s stock had a trading volume of 10,791 shares, compared to its average volume of 84,351. Urban One has a 52 week low of $1.23 and a 52 week high of $4.35. The stock has a market cap of $79.51 million, a PE ratio of -0.98 and a beta of 0.95. The company’s fifty day moving average price is $1.50 and its two-hundred day moving average price is $1.84. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90.

Urban One (NASDAQ:UONE) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The business had revenue of $110.39 million during the quarter.

Insider Buying and Selling

In other news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the transaction, the chief financial officer now directly owns 320,642 shares in the company, valued at approximately $394,389.66. This represents a 38.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Kantor sold 350,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total value of $343,000.00. Following the transaction, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. This trade represents a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 659,210 shares of company stock worth $705,855. Insiders own 32.61% of the company’s stock.

Institutional Investors Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Urban One, Inc. (NASDAQ:UONE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is currently owned by institutional investors.

Urban One Company Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.