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

Key Points

• MediaCo Holding Inc. experienced a significant decline in short interest, down 43.1% in August, reducing the total to 146,500 shares as of August 15th.
• On the trading front, MediaCo's stock rose 3.8% to $1.35, with an average trading volume of 273,700 shares.
• For its latest earnings report on August 11th, MediaCo reported a loss of ($0.11) earnings per share, while generating $31.25 million in revenue for the quarter.

MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) was the target of a large drop in short interest in August. As of August 15th, there was short interest totaling 146,500 shares, a drop of 43.1% from the July 31st total of 257,300 shares. Based on an average daily trading volume, of 273,700 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 273,700 shares, the short-interest ratio is presently 0.5 days.

MediaCo Trading Down 3.6%

Shares of NASDAQ:MDIA traded down $0.05 during trading on Wednesday, reaching $1.38. The stock had a trading volume of 257 shares, compared to its average volume of 153,869. The company has a market capitalization of $74.03 million, a P/E ratio of 4.06 and a beta of -0.19. The firm's 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.17. MediaCo has a one year low of $0.79 and a one year high of $2.94.

MediaCo (NASDAQ:MDIA - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.11) EPS for the quarter. The company 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.