MediaCo Holding Inc. (NASDAQ:MDIA) Sees Significant Decline in Short Interest

Key Points

• MediaCo Holding Inc. (NASDAQ:MDIA) experienced a 36.5% decline in short interest in September, dropping from 133,400 shares to 84,700 shares.
• The company reported a net loss of ($0.11) EPS for the last quarterly earnings, along with revenue of $31.25 million.
• Currently, MediaCo has an average analyst rating of "Hold" with Weiss Ratings maintaining a "hold (c-)" rating on the stock.

MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 84,700 shares, a decline of 36.5% from the August 31st total of 133,400 shares. Based on an average trading volume of 286,800 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 286,800 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of MediaCo in a report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

MediaCo Trading Up 0.8%

NASDAQ:MDIA traded up $0.01 on Friday, reaching $1.26. The stock had a trading volume of 28,086 shares, compared to its average volume of 154,146. The company has a 50-day moving average of $1.33 and a 200 day moving average of $1.20. The stock has a market cap of $67.64 million, a P/E ratio of 3.71 and a beta of -0.35. MediaCo has a 12-month low of $0.79 and a 12-month high of $2.28.

MediaCo (NASDAQ:MDIA - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $31.25 million for the quarter.

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.

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