MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Up 41.7% in February

MediaCo Holding Inc. (NASDAQ:MDIA) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 95,064 shares, an increase of 41.7% from the January 29th total of 67,098 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 44,308 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 44,308 shares, the short-interest ratio is presently 2.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On MediaCo

An institutional investor recently bought a new position in MediaCo stock. JPMorgan Chase & Co. acquired a new stake in shares of MediaCo Holding Inc. (NASDAQ:MDIA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned approximately 2.37% of MediaCo at the end of the most recent quarter. Institutional investors and hedge funds own 64.01% of the company’s stock.

MediaCo Stock Up 0.0%

Shares of MediaCo stock traded up $0.00 on Friday, hitting $0.62. The company’s stock had a trading volume of 15,907 shares, compared to its average volume of 92,518. The firm has a fifty day moving average price of $0.63 and a 200-day moving average price of $0.96. MediaCo has a 52-week low of $0.54 and a 52-week high of $1.60. The company has a market capitalization of $50.75 million, a P/E ratio of -1.15 and a beta of -0.19.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaCo in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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