MediaCo Holding Inc. (NASDAQ:MDIA) Short Interest Update

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 significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 146,500 shares, a decline 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 Stock Performance

Shares of NASDAQ MDIA remained flat at $1.43 during mid-day trading on Thursday. The company had a trading volume of 23,685 shares, compared to its average volume of 153,236. The stock has a market cap of $76.76 million, a price-to-earnings ratio of 4.21 and a beta of -0.19. The stock's fifty day moving average price is $1.31 and its 200 day moving average price is $1.17. MediaCo has a 52-week low of $0.79 and a 52-week high of $2.71.

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

About MediaCo

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.