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

Radio One, Inc. (NASDAQ:UONE) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 44,115 shares, a decrease of 36.0% from the June 15th total of 68,960 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 30,989 shares, the days-to-cover ratio is currently 1.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Radio One in a research report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Radio One Stock Down 1.0%

UONE stock opened at $5.00 on Friday. Radio One has a 52 week low of $4.63 and a 52 week high of $18.80. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 17.92. The firm has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $7.92. The stock has a market capitalization of $22.60 million, a P/E ratio of -0.16 and a beta of 0.82.

Radio One (NASDAQ:UONE) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share for the quarter. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%. The company had revenue of $77.65 million during the quarter.

Hedge Funds Weigh In On Radio One

A hedge fund recently raised its position in Radio One stock. Barclays PLC increased its position in shares of Radio One, Inc. (NASDAQ:UONE) by 11.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,410 shares of the company’s stock after purchasing an additional 8,098 shares during the quarter. Barclays PLC owned approximately 1.74% of Radio One worth $81,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 8.23% of the company’s stock.

Radio One Company Profile

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.