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

MediaCo Holding Inc. (NASDAQ:MDIA) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 10,823 shares, a decline of 76.4% from the April 30th total of 45,949 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 31,315 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. Citadel Advisors LLC bought a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.06% of MediaCo as of its most recent SEC filing. Institutional investors and hedge funds own 64.01% of the company’s stock.

MediaCo Trading Down 5.5%

MDIA stock traded down $0.05 during midday trading on Friday, hitting $0.85. The stock had a trading volume of 11,143 shares, compared to its average volume of 56,257. The firm has a market cap of $69.31 million, a P/E ratio of -1.01 and a beta of 0.12. MediaCo has a 1-year low of $0.54 and a 1-year high of $1.60. The business has a fifty day moving average price of $0.83 and a two-hundred day moving average price of $0.75.

MediaCo (NASDAQ:MDIA) last released its earnings results on Friday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $31.39 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, MediaCo currently has a consensus rating of “Sell”.

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. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.