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

Urban One, Inc. (NASDAQ:UONEGet Free Report) was the target of a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 43,300 shares, a growth of 31.6% from the February 14th total of 32,900 shares. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Urban One

Institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG boosted its position in shares of Urban One by 48.6% during the 1st quarter. Deutsche Bank AG now owns 5,077 shares of the company’s stock worth $38,000 after purchasing an additional 1,660 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its position in shares of Urban One by 174.7% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 5,294 shares of the company’s stock worth $40,000 after buying an additional 3,367 shares in the last quarter. Citigroup Inc. boosted its position in shares of Urban One by 440.3% in the 1st quarter. Citigroup Inc. now owns 5,608 shares of the company’s stock worth $35,000 after buying an additional 4,570 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Urban One by 195.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,948 shares of the company’s stock worth $32,000 after buying an additional 3,933 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Urban One in the 3rd quarter valued at about $38,000. 6.71% of the stock is currently owned by hedge funds and other institutional investors.

Urban One Stock Performance

Shares of Urban One stock traded down $0.06 during trading on Friday, reaching $2.09. The company’s stock had a trading volume of 287,479 shares, compared to its average volume of 48,924. The company has a 50-day moving average price of $3.46 and a two-hundred day moving average price of $4.34. The firm has a market cap of $102.25 million, a PE ratio of 9.95 and a beta of 0.96. Urban One has a fifty-two week low of $1.95 and a fifty-two week high of $8.04. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 2.57.

Urban One (NASDAQ:UONEGet Free Report) last posted its quarterly earnings data on Friday, December 22nd. The company reported $0.27 earnings per share for the quarter. Urban One had a net margin of 2.84% and a return on equity of 37.71%. The firm had revenue of $117.83 million for the quarter.

Urban One Company Profile

(Get Free Report)

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.

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