Urban One, Inc. (NASDAQ:UONE – Get Rating) was the target of a significant drop in short interest during the month of February. As of February 15, there was short interest totaling 87,900 shares, down 48.6% from the total of 171,000 shares as of January 31. Based on an average trading volume of 216,300 shares, the day-to-cover ratio is currently 0.4 days.
Urban One stock opened at $5.37 on Friday. The company has a debt ratio of 3.30, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market capitalization of $275.55 million, a price-earnings ratio of 4.75 and a beta of 0.75. Urban One has a one-year low of $3.73 and a one-year high of $24.16. The company’s fifty-day moving average price is $5.18 and its two-hundred-day moving average price is $6.43.
A number of institutional investors have recently bought and sold shares of UONE. Spire Wealth Management acquired a new stake in Urban One stock in the fourth quarter worth approximately $27,000. Morgan Stanley acquired a new stake in Urban One stock in the first quarter worth about $29,000. UBS Group AG acquired a new equity stake in Urban One in the third quarter worth approximately $31,000. Marshall Wace LLP acquired a new stake in Urban One stock in the fourth quarter worth approximately $74,000. Finally, Northern Trust Corp acquired a new stake in Urban One stock in the fourth quarter valued at around $82,000. 1.06% of the shares are currently held by hedge funds and other institutional investors.
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About Urban One (Get a rating)
Urban One, Inc. is a multimedia company, which engages in the broadcasting operation that targets African American and urban listeners. It operates through the following segments: Broadcasting, Reach Media, Digital and Cable Television. The Broadcasting segment includes all activities related to broadcasting.
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