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

MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 18,600 shares, an increase of 135.4% from the May 15th total of 7,900 shares. Based on an average trading volume of 45,800 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company's shares are sold short.

MediaCo Stock Up 1.7%

Shares of MediaCo stock traded up $0.02 during trading on Monday, reaching $1.22. 21,099 shares of the company were exchanged, compared to its average volume of 93,477. The business has a 50-day moving average price of $1.07 and a 200-day moving average price of $1.13. The firm has a market capitalization of $65.49 million, a price-to-earnings ratio of -4.07 and a beta of -0.31. MediaCo has a twelve month low of $0.79 and a twelve month high of $5.73.

MediaCo (NASDAQ:MDIA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $28.03 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.