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

Radio One, Inc. (NASDAQ:UONEK) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 101,975 shares, a growth of 1,243.9% from the June 30th total of 7,588 shares. Based on an average trading volume of 216,408 shares, the short-interest ratio is currently 0.5 days. Approximately 4.6% of the shares of the stock are sold short.

Radio One Price Performance

Shares of UONEK stock traded up $0.14 during midday trading on Friday, reaching $5.08. 8,718 shares of the company traded hands, compared to its average volume of 128,554. The firm’s 50 day simple moving average is $4.64 and its two-hundred day simple moving average is $6.05. The firm has a market cap of $22.96 million, a PE ratio of -0.16 and a beta of 0.37. The company has a debt-to-equity ratio of 17.92, a current ratio of 1.84 and a quick ratio of 1.84. Radio One has a 1-year low of $3.58 and a 1-year high of $10.90.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Radio One has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Radio One by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after buying an additional 2,474 shares during the last quarter. Barclays PLC grew its stake in Radio One by 48.9% in the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 382,559 shares during the last quarter. Finally, Zazove Associates LLC increased its holdings in Radio One by 1.2% during the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after acquiring an additional 58,732 shares in the last quarter. Hedge funds and other institutional investors own 19.70% of the company’s stock.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.